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SmarTrend Watching for Potential Pullback in Shares of Williams-Sonoma After 2.22% Gain

By David Diaz

Williams-Sonoma (NYSE:WSM) traded in a range yesterday that spanned from a low of $62.51 to a high of $64.53. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $64.45 on volume of 329,000 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 monitoring the recent change of momentum in Williams-Sonoma. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Williams-Sonoma in search of a potential trend change.

In the past 52 weeks, shares of Williams-Sonoma have traded between a low of $44.01 and a high of $73.99 and are now at $64.35, which is 46% 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 declined 0.6%.

Keywords: rebounders Williams-Sonoma

Ticker(s): WSM