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Watch for Wyndham Worldwide to Potentially Pullback After Gaining 1.66% Yesterday

By Shiri Gupta

Wyndham Worldwide (NYSE:WYN) traded in a range yesterday that spanned from a low of $101.56 to a high of $103.02. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $101.66 on volume of 329,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Wyndham Worldwide on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.79. Since that recommendation, shares of Wyndham Worldwide have risen 43.2%. We continue to monitor WYN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Wyndham Worldwide has traded in a range of $60.59 to $103.70 and is now at $102.79, 70% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

Keywords: rebounders wyndham worldwide

Ticker(s): WYN