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Watch for Shares of Williams Cos Inc (WMB) to Approach Support at $23.82

By Amy Schwartz

Williams Cos Inc (NYSE:WMB) has opened bearishly below the pivot of $24.77 today and has reached the first level of support at $24.39. Analysts will be watching for a cross of the next downside pivot targets of $23.82 and $22.87.

Williams Cos Inc (NYSE:WMB) has potential upside of 34.2% based on a current price of $24.40 and analysts' consensus price target of $32.74. Williams Cos Inc shares should first meet resistance at the 50-day moving average (MA) of $25.51 and find additional resistance at the 200-day MA of $26.35.

In the past 52 weeks, shares of Williams Cos Inc have traded between a low of $20.36 and a high of $29.55 and are now at $24.40, which is 20% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 1.06% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Williams Cos Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Williams Cos Inc in search of a potential trend change.

Keywords: pivot alerts williams cos inc

Ticker(s): WMB