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

By Nick Russo

Today, shares of Williams-Sonoma (NYSE:WSM) have crossed bearishly below their 10-day moving average of $64.72 on a volume of 161K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Williams-Sonoma share prices have been bracketed by a low of $45.01 and a high of $73.99 and are now at $64.18, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Williams-Sonoma on May 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.88. Since that recommendation, shares of Williams-Sonoma have risen 14.2%. 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