The USD 52.1 support, currently tested, should allow Williams-Sonoma to rally again.
On a fundamental view point, the company is increasing its revenue year over year, and also its margin. gbv There is no debt and the consensus of analysts agrees of an EPS of USD 2.8 for this year (+10% YoY).
Technically, the security fell sharply for several weeks. This fall has lead Williams-Sonoma towards the USD 52.1 support area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the USD 55.3 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in Williams-Sonoma.
The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Williams-Sonoma in a good timing. Investors might placed a stop loss order at USD 51.7 in order to avoid important losses.
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Williams-Sonoma, Inc. is an omni-channel specialty retailer for home products. Its brands include Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, and Mark and Graham are marketed through e-commerce Websites, direct-mail catalogs and retail stores. These brands are also part of the Company's loyalty and credit card program that offers members benefits across the Williams-Sonoma family of brands. Williams Sonoma products include everything for cooking, dining and entertaining, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture and a library of cookbooks. The brand also includes Williams Sonoma Home that offers home furnishings and decorative accessories. Pottery Barn is an omnichannel home furnishings retailer. It operates 518 stores, which include 480 stores in 40 states, Washington, D.C. and Puerto Rico, 19 stores in Canada, 17 stores in Australia and two stores in the United Kingdom.