The Williams Cos Crosses Below its 10-day MA (WMB)
The Williams Cos (NYSE:WMB) crossed under its 10-day moving average of $22.19 on a volume of 1.6 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 $21.71, which is 112% above that low price. 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 16.8%. We continue to monitor WMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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