Shares of Williams-Sonoma (WSM) are soaring today on the back of solid earnings. The do-it-yourself cycle of the quarantine is playing out but based on the chart will not last. There is a strong stock chart sell signal on Williams-Sonoma at $87.40. The current price is approaching quickly. This is a classic former all-time high from 2015 that is now a major double top when prices hits it. In addition, the insanity of the move on Williams-Sonoma is clear when looking at the chart. Williams-Sonoma has rallied from $26 in March 2020, to almost $86 today. That is absolutely insane. Every technical metric slammed into extreme overbought signals today. The stock chart sell signal is strong and will cause Williams-Sonoma to collapse back to close to $75 in the coming days/week or two.
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