Williams-Sonoma, Inc. WSM shares are trading higher by $1.34 at $49.46 in Thursday's session. After the close, the company announced a mixed Q4 report with an EPS beat of but on lower revenues. At this time, the Street is focusing on the EPS beat.
After a higher open, the stock had a brief retreat that found support ahead of the upper-end of Wednesday's range ($48.30), only reaching $48.84 before continuing its move higher.
The ensuing rally has found resistance in a familiar area. Back on March 3, the issue peaked at $50.61 and found sellers just ahead of that high in today's session as $50.58 stands as the high for the day as of 10:55 a.m. ET.
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