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After Yesterday's Rally of 2.14% Shares Could Potentially Pullback

By Shiri Gupta

Wayfair Inc- A (NYSE:W) traded in a range yesterday that spanned from a low of $91.86 to a high of $95.08. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $92.59 on volume of 483,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Wayfair Inc- A share prices have moved between a 52-week high of $95.08 and a 52-week low of $27.60 and are now trading 242% above that low price at $94.46 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

SmarTrend recommended that subscribers consider buying shares of Wayfair Inc- A on November 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.86. Since that recommendation, shares of Wayfair Inc- A have risen 41.9%. We continue to monitor W for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders wayfair inc- a

Ticker(s): W