Long Position on W @ $41.50 on 1/8/2016 (Momentum)

Wayfair Inc. (W) engages in the e-commerce business in the United States.

It offers approximately seven million home products under various brands. The company’s brands include Wayfair.com that focuses on offering home furnishings and décor from low-to high-end and across various styles; Joss & Main, an online flash sales site; AllModern, an online destination for original design for modern home enthusiasts; DwellStudio, an online design studio for modern, fashion-forward home furnishings; and Birch Lane, a destination for classic style home designs.

Wayfair Inc. also sells its products through retail partners. 

Shares are heading higher in an upward trading channel (shown in blue), note that the lower boundary of the said channel coincides with the stock's 200-day moving average (shown in green). Higher share prices are expected for this stock.

52-Weeks Trading Range: $18.12 - $56.84

Entry Point: $41.50

Stop Loss: $39.40

Target Price: $45.65

Updates

1/27/2016 11:59:51 AM

W closed at $46.00

Position closed on 1/27/2016 at price of $46.00 with a 10.84% gain in 19 days.

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