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Upgrade Alert for The Williams Cos (WMB)

By Amy Schwartz

The Williams Cos (NYSE:WMB) was upgraded from Neutral to Buy at ISI Group today. The stock closed yesterday at $43.69 on volume of 4.4 million shares, above average daily volume of 4.3 million.

There is potential upside of 1.5% for shares of The Williams Cos based on a current price of $43.69 and an average consensus analyst price target of $44.36. The stock should find initial support at its 50-day moving average (MA) of $41.57 and further support at its 200-day MA of $38.07.

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.

In the past 52 weeks, shares of The Williams Cos have traded between a low of $31.25 and a high of $44.50 and closed yesterday at $43.69, which is 40% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of The Williams Cos on April 21st, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.92. Since that recommendation, shares of The Williams Cos have risen 4.2%. We continue to monitor WMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades the williams cos

Ticker(s): WMB