According to the technicals Wayfair has been range bound for the past year or so. A strictly technical trader would notice the recent consolidation around 38 and likely be thinking prices would rise. However, I do not believe in the business model. Many people like to go into a psychical store before buying furniture, and other already established furniture dealers also have an online presence which is big competition for Wayfair. Combine this with their difficulties posting profits quarter after quarter and I do not see this stock doing well in the long term. Short term we may see a bump back up to 48 or so but long term I would not park my money here
