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SmarTrend Watching for Potential Rebound in Shares of Williams-Sonoma After 2.21% Loss

By James Quinn

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.

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.

In the past 52 weeks, Williams-Sonoma share prices have been bracketed by a low of $44.01 and a high of $73.99 and are now at $68.14, 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

Keywords: rebounders Williams-Sonoma

Ticker(s): WSM