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Bearish Moving Average Cross by Williams-Sonoma (WSM)

By Shiri Gupta

Today, shares of Williams-Sonoma (NYSE:WSM) have crossed bearishly below their 10-day moving average of $48.66 on a volume of 210K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Williams-Sonoma share prices have moved between a 52-week high of $57.40 and a 52-week low of $42.68 and are now trading 14% above that low price at $48.48 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Williams-Sonoma and will alert subscribers who have WSM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Williams-Sonoma

Ticker(s): WSM