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Wayfair Inc- A Crosses Above its 10-day MA (W)

By Amy Schwartz

Wayfair Inc- A (NYSE:W) crossed over its 10-day moving average of $116.04 on a volume of 797K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Wayfair Inc- A share prices have moved between a 52-week high of $173.72 and a 52-week low of $76.60 and are now trading 53% above that low price at $117.36 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Wayfair Inc- A on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $135.75. Since that call, shares of Wayfair Inc- A have fallen 15.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wayfair inc- a

Ticker(s): W