WMB surges 2.22% closing $0.59 higher
Williams Companies Inc. (WMB) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
WMB ended Thursday at 27.21 surging $0.59 (2.22%). This is the biggest single day gain in over three days. Today's closing price of 27.21 marks the highest close since May 23rd. Closing above Wednesday's high at 26.79, the share confirms its breakout through the previous session's high having traded $0.62 above it intraday.
Daily Candlestick Chart (WMB as at Jun 14, 2018):
Thursday's trading range was $0.74 (2.77%), that's far above last trading month's daily average range of $0.53. Weekly volatility is also higher, being slightly above the markets average with the monthly volatility being slightly below average.
Breaking through the key resistance level at 26.86 today, it is now likely to act as support going forward. Prices are trading close to the key resistance level at 27.46. After spiking up to 27.41 during the day, the market found resistance at the 100-day moving average at 27.33.
Though still in a long-term downtrend, the short and medium-term trends both turned bullish already. The stock managed to break above the 20-day moving average at 26.97 today for the first time since May 30th.