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Williams-Sonoma Crosses Above its 10-day MA (WSM)

By Shiri Gupta

Williams-Sonoma (NYSE:WSM) shares have crossed bullishly above their 10-day moving average of $48.28 on a volume of 689K 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.

Over the past year, Williams-Sonoma has traded in a range of $42.68 to $56.38 and is now at $48.72, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Williams-Sonoma on April 12th, 2018 by issuing a Downtrend alert when the shares were trading at $49.17. Since that call, shares of Williams-Sonoma have fallen 3.8%. 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