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Watch for Williams Cos Inc to Potentially Rebound After Falling 4.91% Yesterday

By Nick Russo

Williams Cos Inc (NYSE:WMB) traded in a range yesterday that spanned from a low of $23.79 to a high of $24.71. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $25.02 on volume of 4.2 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 $23.54 and a high of $33.67 and are now at $25.05, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

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