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SmarTrend Watching for Potential Rebound in Shares of Williams Cos Inc After 2.05% Loss

By David Diaz

Williams Cos Inc (NYSE:WMB) traded in a range yesterday that spanned from a low of $23.28 to a high of $23.52. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $23.52 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Williams Cos Inc on July 25th, 2019 by issuing a Downtrend alert when the shares were trading at $26.63. Since that call, shares of Williams Cos Inc have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Williams Cos Inc share prices have been bracketed by a low of $20.36 and a high of $31.96 and are now at $23.30, 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.

Keywords: rebounders williams cos inc

Ticker(s): WMB