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Look for Shares of Wayfair Inc- A to Potentially Rebound after Yesterday's 3.80% Sell Off

By James Quinn

Wayfair Inc- A (NYSE:W) traded in a range yesterday that spanned from a low of $91.64 to a high of $94.62. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $95.39 on volume of 744,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Wayfair Inc- A have traded between a low of $78.61 and a high of $173.72 and are now at $92.04, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.7%.

Keywords: rebounders wayfair inc- a

Ticker(s): W