The USD 52.1 support, currently tested, should allow Williams-Sonoma to rally again.

On a fundamental view point, the company is increasing its revenue year over year, and also its margin. gbv There is no debt and the consensus of analysts agrees of an EPS of USD 2.8 for this year (+10% YoY).

Technically, the security fell sharply for several weeks. This fall has lead Williams-Sonoma towards the USD 52.1 support area which could become useful as a stepping stone for a technical rebound. The target of this bullish trend is the USD 55.3 resistance. Even though moving averages are still in a bearish trend, the oversold situation could encourage a renewed interest in Williams-Sonoma.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Williams-Sonoma in a good timing. Investors might placed a stop loss order at USD 51.7 in order to avoid important losses.