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Williams Cos Inc Falls 5.15% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Williams Cos Inc (NYSE:WMB) traded in a range yesterday that spanned from a low of $21.92 to a high of $22.08. Yesterday, the shares fell 5.1%, which took the trading range below the 3-day low of $22.04 on volume of 299,000 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 $20.36 and a high of $29.55 and are now at $21.93, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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