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Williams-Sonoma Bullish Moving Average Crossover Alert (WSM)

By James Quinn

Today, shares of Williams-Sonoma (NYSE:WSM) have advanced above their 10-day MA of $61.08 on a volume of 438K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Williams-Sonoma share prices have been bracketed by a low of $42.68 and a high of $62.48 and are now at $61.78, 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Williams-Sonoma on May 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.66. Since that recommendation, shares of Williams-Sonoma have risen 13.4%. We continue to monitor WSM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Williams-Sonoma

Ticker(s): WSM