Bearish Moving Average Cross by Williams Partners (WPZ)
Williams Partners (NYSE:WPZ) crossed under its 10-day moving average of $34.01 on a volume of 134K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Williams Partners has traded in a range of $12.69 to $59.44 and is now at $33.56, 164% above that low. The 200-day and 50-day moving averages have moved 1.3% lower and 3.49% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Williams Partners on April 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.51. Since that recommendation, shares of Williams Partners have risen 61.1%. We continue to monitor WPZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses williams partners