Upgrade Alert for The Williams Cos (WMB)
The Williams Cos (NYSE:WMB) was upgraded from Hold to Buy at Tudor Pickering today. The stock closed yesterday at $24.67 on volume of 15.7 million shares, above average daily volume of 12.0 million.
Potential upside of 92.9% exists for The Williams Cos, based on a current level of $24.67 and analysts' average consensus price target of $47.60. The stock should find resistance at its 200-day moving average (MA) of $30.61, as well as support at its 50-day MA of $17.38.
Over the past year, The Williams Cos has traded in a range of $10.22 to $61.38 and closed yesterday at $24.67, 141% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 2.4%.
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.
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 31.5%. 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