For short term traders, the volatility and unpredictable reaction to an earnings release during the reporting session often means potentially wide swings in profits or losses.
On this basis, one may be hesitant in holding an ultra short term/short term position through an announcement.
In two of my most recent offshore ideas, Salesforce.com and...
Massive quarter for WSM! Management crushing it.
The group just reported earnings after-hours in the US.
Beat on earnings, revenue, dividend hike and authorization of new buyback program.
Stock trading as high as $194 in after-hours, up 13% from the close today and 19% from our flag on 11-Aug.
If you held on into earnings, tomorrow could be a day to bank...
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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On daily rounded top has formed. Possible short opportunity based on gap filling. Entry point is current price or the better one if price will bounce of 20MA. Stop above $177th. Targets are the red lines.
Not a recommendation. Just an observation.
$WSM is currently in a multi-week long Ascending Triangle chart pattern, with the consolidated price action also reflecting a Bullish Flag formation.
Both chart formations are impending volatility for a significant breakout of its resistance level at $188.30. The latest closing price of $185.28 is barely 50% of its daily ATR price action away from the immediate...
-Earnings on tap for Wednesday 3-24 (Analysts expect EPS growth of 58% for the quarter, and 75% growth for the full year)
-WSM trading below a 151.16 entry
WSM HAS CONSOLIDATED IN THE CHANNEL NICELY AFTER A RECENT ALL TIME HIGH.
HAS BROKE AND TESTED THE $136.40 CHANNEL SUPPORT WHICH NOW LOOKS TO BE RESISTANCE.
HUGE EARNINGS WINNER JUST AFTER MARKET CLOSE.
POST=MARKET AT ATH.
LOOKING FOR A CONTINUED LEVEL PRE-MARKET WITH VOLUME AND A RETEST OF $136.40 AT MARKET OPEN BEFORE ENTERING FOR A SWING.
RISK AT $133.50.
NYSE:WSM been moving sideways for the last 2 months forming an ascending triangle chart pattern with resistance @ $88 tested multiple times. The stock looks ready to breakout to make a run to whole number $100.
#KeepItSimple
Williams-Sonoma, Inc. engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham. The company was founded by Charles E. Williams on September 15, 1956 and is headquartered in San Francisco, CA.
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