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Fantastically Well Formed Top and PE of 258

I am surprised I’ve never looked at Wayfair before, but it was hiding in my Secondary watch list. The symbol is W and although it has fallen quite a lot already, it is at the cusp of breaking below a fantastically well-formed topping pattern.

As for what they do, sell, they sell a bunch of stuff for your house, and they’ve been awarded a P/E of 258 for their trouble.

Because, ya know, it’s sometimes fun to know what a company actually DOES.

 

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