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After Yesterday's Decline of 21.62%, Wabash National Offers Investors Better Value

By James Quinn

Wabash National (NYSE:WNC) traded in a range yesterday that spanned from a low of $12.40 to a high of $13.85. Yesterday, the shares fell 21.6%, which took the trading range below the 3-day low of $16.77 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Wabash National share prices have been bracketed by a current low of $12.40 and a high of $26.54 and are now at $13.15. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Wabash National on February 28th, 2018 by issuing a Downtrend alert when the shares were trading at $22.27. Since that call, shares of Wabash National have fallen 24.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders wabash national

Ticker(s): WNC