• Return to Headlines

After Yesterday's Rally of 1.97% Shares Could Potentially Pullback

By Shiri Gupta

Williams-Sonoma (NYSE:WSM) traded in a range yesterday that spanned from a low of $60.40 to a high of $60.53. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $59.27 on volume of 729,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Williams-Sonoma and will alert subscribers who have WSM in their portfolio or watchlist when shares have changed trend direction.

Williams-Sonoma share prices have moved between a 52-week high of $73.99 and a 52-week low of $45.01 and are now trading 34% above that low price at $60.44 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Keywords: rebounders Williams-Sonoma

Ticker(s): WSM