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W Makes Notable Cross Below Critical Moving Average

By Market News Video Staff, Thursday, November 2, 11:35 AM ET
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In trading on Thursday, shares of Wayfair Inc (NYSE:W) crossed below their 200 day moving average of $60.07, changing hands as low as $56.54 per share. Wayfair Inc shares are currently trading off about 18.4% on the day. The chart below shows the one year performance of W shares, versus its 200 day moving average:

Wayfair Inc 200 Day Moving Average Chart

Looking at the chart above, W's low point in its 52 week range is $27.60 per share, with $84.19 as the 52 week high point that compares with a last trade of $60.97.

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W makes up 1.57% of the PowerShares Dynamic Retail Portfolio ETF (AMEX:PMR)

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