Stock Play of the Week - 1/26/2010

By @ibtimes on

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Industry: Retail-Mail Order Closing Price: 19.91 P/E: 24.7 Avg. Vol.: 2,396K

Company Profile: Williams-Sonoma, Inc. retails cooking and serving equipment, home furnishings, and home accessories through retail stores and mail order catalogs. The Company offers its merchandise under the Williams-Sonoma, Pottery Barn, Pottery Barn Kids, and Chambers concepts.

Chart Setup: Breakdown

Trading Strategy: We'll look to sell short WSM if it trades under 19.89 Place a protective stop above 20.34 Target 1: $19.05

SPW Update: DY was erroneously reported as invalid. The position was valid and traded near target 1 before being closed with a daily trailing stop. AMZN was a valid entry and is now near Target 1. Place a trailing stop for the whole position.

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