Watching potential inverse head and shoulders
Combatting factors at play here:
Technicals = potential inverse head and shoulders... but we only made it just above the 0.382 fib
Fundamentals = housing (and thus buying things from WSM for your new house) are having a bad time
We should know in a few days which way this might trend.
With now PS at 1.2 and PE at 9.5, and with both revenues and net income constantly increasing, I like this one for the long-term.
Technicals = potential inverse head and shoulders... but we only made it just above the 0.382 fib
Fundamentals = housing (and thus buying things from WSM for your new house) are having a bad time
We should know in a few days which way this might trend.
With now PS at 1.2 and PE at 9.5, and with both revenues and net income constantly increasing, I like this one for the long-term.