Williams-Sonoma reports Q1 adjusted EPS 74c, consensus (15c) 16:17 WSM Reports Q1 revenue $1.235B, consensus $1.02B. Total comparable brand revenue growth of 2.6%, with positive comparable revenue growth in almost all brands, including Pottery Barn Kids and Teen at 8.5%, Williams Sonoma at 5.4% and West Elm at 3.3%. "As the COVID-19 health crisis continues to...
WSM has finally broken out of its channel to the downside. Making lower highs. RSI trending down and volume picking up.
Short interest has remained >14% but slightly down from its peak in late April of 15+ %.
Stock WSM seasonality starts to Buy date on February 13 and ends Sell date on April 27
Percent Profitable is 84.21% in 19 years and an average return of 11.48% per year
P/E ratio 17.20 = very reasonable.
Short interest 11% = quite high.
Company profile
Williams-Sonoma, Inc. engages in the business of retailing home products. It operates through the E-commerce and Retail segment. The E-commerce segment comprises of the following merchandising strategies: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen,...
WSM just had earnings
Open position at $57.50
Stop loss at $55.30
Take profit at $61.24
Why this play?
Williams-Sonoma also raising its already nice dividend by 11.6%. Doing another $500 million share buyback
$WSM Williams-Sonoma - Death cross on the daily chart earlier this month. After a post-Xmas bounce price has been rejected at down trend line resistance. Expecting continued declines into Q1 2019. See chart for two possible medium term targets.
Adding to the bearish outlook, we saw some unusual options activity late last week with 16k Jan'19 47.50 strike (OTM)...
The furniture retailers made a sharp Fast Ball XRV move lower Tuesday. We will look for a short-side extension in WSM on sector weakness on Wednesday.
NYSE:WSM
An intraday (daily time frame) BackTested Analysis.
Price is likely to move sort, into the trending channel.
It would be a good opportunity to enter in the market if price moves between 52.46 to 53.11 during first moments after the opening bell.
1) Three tops of ROC Oscillator diverge pointing sort movement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT,...
Remember #DIS when it fell all the way from 116 to 89 last year. This is doing a sorta similar behavior. Chart above showing the various resistance lines. Being a slow mover, don't expect surges (unless something significant happens).
