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After Yesterday's Decline of 2.21%, Williams-Sonoma Offers Investors Better Value

By Shiri Gupta

Williams-Sonoma (NYSE:WSM) traded in a range yesterday that spanned from a low of $67.92 to a high of $69.86. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $68.55 on volume of 577,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Williams-Sonoma share prices have moved between a 52-week high of $73.99 and a 52-week low of $44.01 and are now trading 55% above that low price at $68.14 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Williams-Sonoma on August 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.67. Since that recommendation, shares of Williams-Sonoma have risen 12.8%. We continue to monitor WSM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Williams-Sonoma

Ticker(s): WSM