jaxdog

$WSM Breakout on Volume!

Long
NYSE:WSM   Williams-Sonoma, Inc.
WSM broke out of this consolidation area this morning on big volume. With just over an hour into the trading day it's traded about 1.9mm shares and it's 10 day average is 1.1mm shares. At this run rate it should trade 8 - 9mm shares before the day is done (TBD).

I took a position and placed my stop just under the area of previous resistance. Let's see what happens.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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