Combatting factors at play here: Technicals = potential inverse head and shoulders... but we only made it just above the 0.382 fib Fundamentals = housing (and thus buying things from WSM for your new house) are having a bad time We should know in a few days which way this might trend. With now PS at 1.2 and PE at 9.5, and with both revenues and net income...
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chances are we see a rejection here and then continues to the downside. about 50 points of downside to attack with the upside being limited due to lack of momentum
With remote work on the increase, people are upgrading their home furniture and living conditions more than ever before. A company like Williams-Sonoma will feel the benefit of this changing trend in living styles. Increased demand should allow furniture retailers to counter-act rising material costs by raising prices. Adding to this point, the housing market...
Breakout Pattern on volume Risk 7% Reward 20% This is not financial advice. Please use proper risk management.
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...
Current: $162.84 Stop: $157.90 Target: $174.20 Next Earnings: 25 August, thus trader should look to exit before then.
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People have a lot of free money time to add
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.
NYSE:WSM - Trend Analysis - 📑Value: 10/20 📈Growth: 18/20 💰Profitability 16/20 🚀Momentum: 20/20 💸Earnings: 18/20 🖇️Total Score: 82/100 Data: Volume 857M Average Volume (3 months) 1.55M Previous Close $185.31 Open $183.97 Shares Outstanding 76.19M Technicals: ( Simple Moving Average ) 10D SMA $180.95 (+1.25%) 50D SMA $144.80 (+26.53%) 200D SMA $109.46...
$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.
Entry price : 125.80 Fundamentals : - Sector: Retail - Home Furnishing - EPS % Chg (Last Qtr): 170% - EPS % Chg (Previous Qtr): 115% - 3 Year EPS Growth Rate: 20% - EPS Est % Chg (Current Yr): 75% - Sales % Chg (Last Qtr): 22% - Sales % Chg (Previous Qtr): 9% - 3-Year Sales Growth Rate: 6% - Annual Pre -Tax Margin: 9.0%