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SmarTrend Watching for Potential Rebound in Shares of Williams Cos Inc After 1.78% Loss

By James Quinn

Williams Cos Inc (NYSE:WMB) traded in a range yesterday that spanned from a low of $26.81 to a high of $27.72. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $27.29 on volume of 3.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Williams Cos Inc have traded between a low of $24.00 and a high of $33.67 and are now at $26.95, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.42% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Williams Cos Inc and will alert subscribers who have WMB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders williams cos inc

Ticker(s): WMB