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Williams Cos Inc (WMB) Approaches New Downside Target of $27.74

By Nick Russo

Shares of Williams Cos Inc (NYSE:WMB) have bearishly opened below the pivot of $28.22 today and have reached the first support level of $27.96. Investors may be interested in a cross of the next downside pivot targets of $27.74 and $27.26.

In the past 52 weeks, shares of Williams Cos Inc have traded between a low of $24.00 and a high of $33.67 and are now at $28.10, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Williams Cos Inc has overhead space with shares priced $28.10, or 14.2% below the average consensus analyst price target of $32.74. Williams Cos Inc shares should first meet resistance at the 200-day moving average (MA) of $28.44 and find additional resistance at the 50-day MA of $29.38.

SmarTrend recommended that its subscribers protect gains by selling shares of Williams Cos Inc on August 15th, 2018 by issuing a Downtrend alert when the shares were trading at $29.88. Since that call, shares of Williams Cos Inc have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts williams cos inc

Ticker(s): WMB