The Williams Cos Crosses Above its 10-day MA (WMB)
The Williams Cos (NYSE:WMB) crossed over its 10-day moving average of $30.57 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
The Williams Cos share prices have moved between a 52-week high of $61.38 and a 52-week low of $10.22 and are now trading 200% above that low price at $30.71 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 2.4%.
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 59.0%. We continue to monitor WMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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