Upgrade Alert for The Williams Cos (WMB)
The Williams Cos (NYSE:WMB) was upgraded from Trim to Hold at Tudor Pickering today. The stock closed yesterday at $32.65 on volume of 8.3 million shares, below average daily volume of 8.8 million.
The Williams Cos share prices have moved between a 52-week high of $38.57 and a 52-week low of $27.25 and closed yesterday at 20% above that low price at $32.65 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.
The Williams Companies, Inc. is an integrated natural gas company that produces, gathers, processes and transports natural gas. The Company's operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, the Eastern Seaboard, and the province of Alberta in Canada.
There is potential upside of 23.1% for shares of The Williams Cos based on a current price of $32.65 and an average consensus analyst price target of $40.18. The stock should run into initial resistance at its 200-day moving average (MA) of $34.76 and subsequent resistance at its 50-day MA of $35.81.
SmarTrend recommended that its subscribers protect gains by selling shares of The Williams Cos on May 8th, 2013 by issuing a Downtrend alert when the shares were trading at $35.42. Since that call, shares of The Williams Cos have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades the williams cos