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Williams
Companies Inc - WMB
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November 15, 2006
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Last Trade
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$26.60
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Volume
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4,339,700
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52-Week High
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$26.85
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52-Week Low
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$19.35
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Commentary:
Today we've
chosen to take a look at the weekly chart of WMB because it has been
traveling within an ascending triangle pattern since June 2005. As you can
see from the chart below, the bulls were able to send the latest
candlestick above the resistance of $25.50, which many traders would use as
confirmation of an expected move higher. We'll maintain a bullish outlook
on this stock until the bears respond by pushing the price back below the
newly formed support near $25.50.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
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QQQQ
PCAR
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WMT
CBSS
YHOO
QQQQ
GENZ
THC
NEM
HUI
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DELL
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PD
GOOG
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oil
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MOGN
CIEN
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BA
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AGE
RMD
DE
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