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After Yesterday's Decline of 2.25%, Wayfair Inc- A Offers Investors Better Value

By Amy Schwartz

Wayfair Inc- A (NYSE:W) traded in a range yesterday that spanned from a low of $75.00 to a high of $76.98. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $75.15 on volume of 362,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Wayfair Inc- A on March 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.41. Since that recommendation, shares of Wayfair Inc- A have risen 94.7%. We continue to monitor W for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Wayfair Inc- A have traded between a low of $27.60 and a high of $79.33 and are now at $75.14, which is 172% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.84% lower over the past week, respectively.

Keywords: rebounders wayfair inc- a

Ticker(s): W