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Williams-Sonoma Crosses Above its 10-day MA (WSM)

By David Diaz

Today, shares of Williams-Sonoma (NYSE:WSM) have crossed bullishly above their 10-day moving average of $64.15 on a volume of 230K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Williams-Sonoma has traded in a range of $45.01 to $73.99 and is now at $65.61, 46% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Williams-Sonoma on May 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.88. Since that recommendation, shares of Williams-Sonoma have risen 10.2%. We continue to monitor WSM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Williams-Sonoma

Ticker(s): WSM