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Watch for Williams Cos Inc to Potentially Rebound After Falling 1.04% Yesterday

By Amy Schwartz

Williams Cos Inc (NYSE:WMB) traded in a range yesterday that spanned from a low of $22.16 to a high of $22.50. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $22.38 on volume of 5.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Williams Cos Inc has traded in a range of $20.36 to $29.55 and is now at $22.40, 10% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.4%.

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