The Williams Cos Rises 3.66% on Heavy Volume: Watch For Potential Pullback
The Williams Cos (NYSE:WMB) traded in a range yesterday that spanned from a low of $29.24 to a high of $30.37. Yesterday, the shares gained 3.7%, which took the trading range above the 3-day high of $29.72 on volume of 4.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
The Williams Cos share prices have moved between a 52-week high of $61.38 and a 52-week low of $10.22 and are now trading 196% above that low price at $30.30 per share. Over the last five market days, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has advanced 1.7%.
SmarTrend recommended that subscribers consider buying shares of The Williams Cos on April 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.11. Since that recommendation, shares of The Williams Cos have risen 53.0%. We continue to monitor WMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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