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Bullish Moving Average Cross by Williams-Sonoma (WSM)

By Nick Russo

Today, shares of Williams-Sonoma (NYSE:WSM) have crossed bullishly above their 10-day moving average of $47.82 on a volume of 223K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Williams-Sonoma have traded between a low of $45.68 and a high of $57.40 and are now at $48.24, which is 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Williams-Sonoma on May 12th, 2017 by issuing a Downtrend alert when the shares were trading at $50.65. Since that call, shares of Williams-Sonoma have fallen 6.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Williams-Sonoma

Ticker(s): WSM