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Wayfair Inc- A Trading Lower on Heavy Volume, Inline With Overall Trend (W)

By Nick Russo

Shares of Wayfair Inc- A are trading today in above average volume, with the share price falling 3.2% to $108.43. About 2.1 million shares have been traded today, as compared to the 30-day average volume of 1.7 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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 17.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Wayfair Inc- A have traded between a low of $76.60 and a high of $173.72 and are now at $109.13, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 0.96% lower over the past week, respectively.

Keywords: unusual volume wayfair inc- a

Ticker(s): W