One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Williams-Sonoma cleared that benchmark Tuesday, with a jump from 76 to 82 Tuesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they begin their biggest climbs.
Williams-Sonoma is trying to complete a cup without handle with a 219.98 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Williams-Sonoma reported 9% EPS growth last quarter. Revenue increased 4%. Look for the next report on or around Aug. 20.
The company holds the No. 1 rank among its peers in the Retail-Home Furnishings industry group. Ethan Allen and RH are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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