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Watch for The Williams Cos to Potentially Rebound After Falling 1.78% Yesterday
Feb 20, 2013 (SmarTrend(R) News Watch via COMTEX) --
The Williams Cos (NYSE:WMB) traded in a range yesterday that spanned from a low of $34.76 to a high of $35.48. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $34.98 on volume of 6.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of The Williams Cos on November 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.92. Since that recommendation, shares of The Williams Cos have risen 7.7%. We continue to monitor WMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
The Williams Cos share prices have moved between a 52-week high of $37.56 and a 52-week low of $27.25 and are now trading 28% above that low price at $34.82 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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