Williams-Sonoma Reaches Key Level

The powerful bull run off last month's lows has lifted Williams-Sonoma (WSM) to a critical level. The home furnishings company is trading just shy of $40 following a 20% rally over the previous six weeks. This heavy resistance area has held multiple monthly highs since last summer and may continue to be problematic in the near term. WSM has rebounded dramatically after its Jan. 12 collapse and may need a healthy pullback before moving past the $40 supply zone.

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