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Look for Shares of Wayfair Inc- A to Potentially Rebound after Yesterday's 7.44% Sell Off

By Amy Schwartz

Wayfair Inc- A (NYSE:W) traded in a range yesterday that spanned from a low of $115.30 to a high of $121.08. Yesterday, the shares fell 7.4%, which took the trading range below the 3-day low of $122.44 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Wayfair Inc- A share prices have moved between a 52-week high of $173.72 and a 52-week low of $76.60 and are now trading 51% above that low price at $115.55 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 its subscribers protect gains by selling shares of Wayfair Inc- A on July 26th, 2019 by issuing a Downtrend alert when the shares were trading at $135.75. Since that call, shares of Wayfair Inc- A have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders wayfair inc- a

Ticker(s): W