The Chart of the Day belongs Williams-Sonoma (WSM). I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 11/10 the stock gained 21.42%.
Williams-Sonoma, Inc. is specialty retailer of products for the home. The retail segment sells its products through its three retail concepts: Williams-Sonoma, Pottery Barn and Hold Everything. The direct-to-customer segment sells similar products through its five direct-mail catalogs, Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Hold Everything and Chambers, and the Internet.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 8 new highs and up 7.02% in the last month
- Relative Strength Index 69.87%
- Barchart computes a technical support level at 78.29%
- Recently traded at 80.94 with a 50 day moving average of 74.31
Fundamental factors:
- Market Cap $7.55 billion
- P/E 25.54
- Dividend yield 1.68%
- Revenue expected to grow 7.80% this year and another 7.00% next year
- Earnings estimated to increase 12.70% this year, an additional 13.40% next year and continue to increase at an annual rate of 13.90% for the next 5 years
- Wall Street analysts issued 8 strong buy, 5 buy, 16 holds and 1 under perform recommendation on the stock
None of the technical trading strategies have worked on this stock so I suggest you use a moving stop loss 10% below its recent high
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