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

By Amy Schwartz

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.

In the past 52 weeks, Wyndham Worldwide share prices have been bracketed by a low of $60.59 and a high of $103.70 and are now at $102.79, 70% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

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.

Keywords: rebounders wyndham worldwide

Ticker(s): WYN