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Williams
Companies Inc- WMB
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January 24, 2007
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Last Trade
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$27.15
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Volume
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2,803,600
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52-Week High
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$28.32
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52-Week Low
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$19.35
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Commentary:
For today's
chart we've chosen to take a look at WMB because it has recently broken out
of an ascending triangle pattern. The move back toward the trendline shown
below, also known as a throwback, is a good example of the type of move
that many traders expect to see following a break out of a triangle
pattern. We've also included the MACD indicator, which has recently crossed
above its signal line. This bullish crossover will be used by traders to
confirm the strength of the nearby support ($25.50) and will also be used
to suggest that the upward momentum is likely to continue.
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Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
OIL
QQQQ
OXY
QQQQ
INTU
QQQQ
INTL
EBAY
BJ
ECA
GYI
GM
WMB
AMZN
PCAR
WMT
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