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Look for Shares of Wayfair Inc- A to Potentially Pullback after Yesterday's 3.70% Rise

By Shiri Gupta

Wayfair Inc- A (NYSE:W) traded in a range yesterday that spanned from a low of $147.69 to a high of $149.55. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $144.51 on volume of 420,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Wayfair Inc- A share prices have been bracketed by a low of $76.60 and a high of $173.72 and are now at $149.00, 95% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has risen 0.3%.

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: rebounders wayfair inc- a

Ticker(s): W