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Upgrade Alert for The Williams Cos (WMB)

By James Quinn

The Williams Cos (NYSE:WMB) was upgraded from Sector Perform to Outperform at Howard Weil today. The stock closed yesterday at $43.02 on volume of 7.5 million shares, below average daily volume of 9.6 million.

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.

Potential upside of 48.4% exists for The Williams Cos, based on a current level of $43.02 and analysts' average consensus price target of $63.85. The Williams Cos shares should first meet resistance at the 50-day moving average (MA) of $49.81 and find additional resistance at the 200-day MA of $51.24.

Over the past year, The Williams Cos has traded in a range of $37.95 to $59.77 and closed yesterday at $43.02, 13% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 1.62% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of The Williams Cos on December 8th, 2014 by issuing a Downtrend alert when the shares were trading at $48.07. Since that call, shares of The Williams Cos have fallen 10.5%. 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

Ticker(s): WMB