Buying Break for Williams Cos.
by Sam Collins 07/11/08
The Williams Companies Inc. (WMB) -- This producer and transporter of natural gas in the United States has been in a steady advance since late in 2002 when it sold for under $5 a share.
The stock's climb has been as steady as a rock, hugging its major trend line with rare deviation for its major advance. But the sharp-eyed buyer will note that on the occasion when WMB drops through the 200-day moving average, the stock becomes attractive.
Currently, that average is at $35.50 and the major bullish support line is just above $32. Purchases made within that zone will more than likely prove rewarding.
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