• Return to Headlines

Look for Shares of Williams-Sonoma to Potentially Rebound after Yesterday's 1.95% Sell Off

By David Diaz

Williams-Sonoma (NYSE:WSM) traded in a range yesterday that spanned from a low of $55.74 to a high of $55.96. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $56.35 on volume of 587,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Williams-Sonoma on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.83. Since that recommendation, shares of Williams-Sonoma have risen 7.9%. We continue to monitor WSM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 24% above that low price at $55.88 per share. The 200-day and 50-day moving averages have moved 0.24% higher and 1.01% higher over the past week, respectively.

Keywords: rebounders Williams-Sonoma

Ticker(s): WSM