Williams Companies, Inc. (The) (WMB) Crossed Above the 200-Day Moving Average: What That Means for Investors

Williams Companies, Inc. (The) (WMB) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, WMB crossed above the 200-day moving average, suggesting a long-term bullish trend.

The 200-day simple moving average is a useful tool for traders and analysts, establishing market trends for stocks, commodities, indexes, and other financial instruments over the long term. The marker moves higher or lower along with longer-term price moves, and serves as a support or resistance level.

WMB has rallied 8% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests WMB could be on the verge of another move higher.

Looking at WMB's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 4 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.

Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on WMB for more gains in the near future.

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This article originally published on Zacks Investment Research (zacks.com).

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