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Bearish Moving Average Cross by Williams-Sonoma (WSM)

By Shiri Gupta

Williams-Sonoma (NYSE:WSM) shares have crossed bearishly below their 10-day moving average of $53.41 on a volume of 139K 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 $89.38 and a 52-week low of $47.33 and are now trading 11% above that low price at $52.54 per share. The 200-day and 50-day moving averages have moved 0.75% lower and 0.32% higher over the past week, respectively.

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