Williams Partners Crosses Below its 10-day MA (WPZ)
Williams Partners (NYSE:WPZ) shares have crossed bearishly below their 10-day moving average of $36.67 on a volume of 182K 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 Williams Partners have traded between a low of $12.69 and a high of $59.44 and are now at $36.20, which is 185% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 3.5%.
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 73.5%. 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