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Williams Cos Inc (WMB) Breaks Through Support at $26.94

By David Diaz

Shares of Williams Cos Inc (NYSE:WMB) opened today below their pivot of $27.42 and have already reached the first level of support at $26.94. Should the shares continue to fall, the support pivots of $26.69 and $25.96 will be of interest.

Over the past year, Williams Cos Inc has traded in a range of $24.00 to $33.67 and is now at $26.70, 11% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Williams Cos Inc (NYSE:WMB) has potential upside of 22.6% based on a current price of $26.70 and analysts' consensus price target of $32.74. The stock should run into initial resistance at its 200-day moving average (MA) of $28.29 and subsequent resistance at its 50-day MA of $29.17.

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: pivot alerts williams cos inc

Ticker(s): WMB