Williams Sonoma (WSM) shares are showing great relative strength and have been in a tight range the past month wrapped around the 200 price level. The stock closed green on Wednesday in a weak tape and looks poised to breakout of the narrow monthly value area above 206 and likely can target new 52-week highs into a fib extension of 213.50 with the higher objective potentially being the all-time highs just above here at 223 from late 2021. WSM has rallied 37% since its mid-November gap up on strong earnings and has seen opening put sales into the recent consolidation including Feb $185 and $175 puts sold to open and still holding in open interest while the June $200 calls bought on 11/20 also holding in OI. WSM also has a 13% short float which can ignite a rally.