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Williams-Sonoma Set to Possibly Pullback After Yesterday's Rally of 5.36%

By James Quinn

Williams-Sonoma (NYSE:WSM) traded in a range yesterday that spanned from a low of $58.33 to a high of $62.00. Yesterday, the shares gained 5.4%, which took the trading range above the 3-day high of $58.90 on volume of 1.2 million 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.

Over the past year, Williams-Sonoma has traded in a range of $45.01 to $73.99 and is now at $61.44, 37% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

Keywords: rebounders Williams-Sonoma

Ticker(s): WSM