Bearish Moving Average Cross by The Williams Cos (WMB)
Today, shares of The Williams Cos (NYSE:WMB) have crossed bearishly below their 10-day moving average of $22.75 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of The Williams Cos have traded between a low of $10.22 and a high of $61.38 and are now at $22.41, which is 119% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has advanced 1.7%.
SmarTrend recommended that subscribers consider buying shares of The Williams Cos on April 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.11. Since that recommendation, shares of The Williams Cos have risen 21.9%. We continue to monitor WMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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