Saturday, December 15, 2007

WSM Analysis for 12.15.2007

Williams Sonoma - WSM

Monthly chart shows lower high made and selling pressure evident. The whole move up from the IPO price is corrective in appearance. No buy signal in sight.

Weekly chart shows renewed selling the past week, with price now below all key moving averages.

Daily chart better shows the sharp sell off this past week - it only took 4 trading sessions to wipe out what was gained during the prior 15 trading sessions. Look for further downside weakness next week.

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