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

By Amy Schwartz

Today, shares of Wayfair Inc- A (NYSE:W) have crossed bearishly below their 10-day moving average of $148.81 on a volume of 153K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Wayfair Inc- A share prices have been bracketed by a low of $60.53 and a high of $173.72 and are now at $146.03, 141% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for Wayfair Inc- A and will alert subscribers who have W in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses wayfair inc- a

Ticker(s): W