Chart of the Day: Williams-Sonoma (WSM)

In studying charts over the weekend, I noticed that an ascending triangle pattern has formed in Williams-Sonoma (WSM)…

Williams-Sonoma (WSM) is a leader in the $117 billion home furnishings industry. The company offers high-end cooking essentials, while it’s Pottery Barn segment provides casual home accessories. Continued improvement in its e-commerce shopping platform has made WSM one of the largest e-commerce retailers in the U.S. and should continue to drive growth.

Take a look at the 1-year chart of WSM below with my added notations…

See chart and continue reading at STOCKNEWS.com