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Downgrade Alert for Williams Partners (WPZ)

By Amy Schwartz

Williams Partners (NYSE:WPZ) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $36.50 on volume of 1.0 million shares, below average daily volume of 2.7 million.

Williams Partners has overhead space with shares priced $36.50, or 18.3% below the average consensus analyst price target of $44.67. Williams Partners shares have support at the 200-day moving average (MA) of $28.90 and additional support at the 50-day MA of $22.67.

Williams Partners LP is a master limited partnership that owns natural gas gathering, transportation, processing and treating assets.

In the past 52 weeks, Williams Partners share prices have been bracketed by a low of $12.69 and a high of $59.44 and closed yesterday at $36.50, 188% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 3.5%.

SmarTrend recommended that subscribers consider buying shares of Williams Partners on April 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.51. Since that recommendation, shares of Williams Partners have risen 73.5%. We continue to monitor WPZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades williams partners

Ticker(s): WPZ