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Williams Cos Inc Set to Possibly Rebound After Yesterday's Selloff of 4.28%

By David Diaz

Williams Cos Inc (NYSE:WMB) traded in a range yesterday that spanned from a low of $18.39 to a high of $18.98. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $18.64 on volume of 6.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Williams Cos Inc have traded between a low of $8.41 and a high of $29.06 and are now at $18.55, which is 121% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.2%.

SmarTrend is tracking the current trend status for Williams Cos Inc and will alert subscribers who have WMB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders williams cos inc

Ticker(s): WMB