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Bearish Moving Average Cross by Williams-Sonoma (WSM)

By Nick Russo

Today, shares of Williams-Sonoma (NYSE:WSM) have crossed bearishly below their 10-day moving average of $53.57 on a volume of 891K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Williams-Sonoma have traded between a low of $47.33 and a high of $89.38 and are now at $52.70, which is 11% above that low price. 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 monitoring the recent change of momentum in Williams-Sonoma. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Williams-Sonoma in search of a potential trend change.

Keywords: moving crosses Williams-Sonoma

Ticker(s): WSM