Williams-Sonoma Ready to Make a Move
Shares of the higher-end specialty retailer Williams-Sonoma (WSM) are approaching a point in time on the chart that could see a volatile move in the stock price.
A series of higher lows over the last eight months, in combination with a resistance level that has contained price for the last nine months, has formed a rising wedge pattern that is nearing resolution. Price range is compacting as the pattern matures, and the Bollinger band width indicator (at the bottom of the chart) is at a level of contraction that preceded 30% moves in 2010 and 2011....150 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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