Williams-Sonoma (WSM) has been rallying strongly since the middle of March. We reviewed the charts and indicators on July 2 and wrote that, "I am looking for WSM's sideways consolidation of June to resolve on the upside. Aggressive traders could go long WSM at current levels risking a close below $75. Our price targets for now are $100 and $108."
With WSM approaching our first target of $100, a fresh look at the charts seems like a good idea.
(For more on retailers, see Jim Cramer: If These Retailers Get Hit, Then Buy Them)