When putting together your watch list, look for stocks with an 80 or higher RS Rating. Williams-Sonoma just cleared that benchmark with an upgrade from 75 to 81.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 as they begin their biggest price moves.
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Williams-Sonoma is trying to complete a consolidation with a 174.25 buy point. See if it can break out in volume at least 40% higher than normal.
While earnings growth fell in the company's most recent performance report from 55% to 12%, the top line rose -4%, up from -5% in the prior report. Look for the next report on or around Nov. 14.
Williams-Sonoma earns the No. 1 rank among its peers in the Retail-Home Furnishings industry group. Lovesac and RH are also among the group's highest-rated stocks.
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