On Tuesday, Williams-Sonoma hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 81, an increase from 74 the day before.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal buy zone right now, see if it goes on to form and break out from a proper chart pattern.
EPS growth dropped last quarter from 12% to 7%, but the top line rose from -4% to -3%. The company is expected to report its latest performance numbers on or around Mar. 19.
The company earns the No. 1 rank among its peers in the Retail-Home Furnishings industry group. La-Z-Boy and Ethan Allen 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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