The post WMB) Close to Breakout, Will WMB Reach $50? appeared on BitcoinEthereumNews.com.

Williams Companies Inc. (NYSE: WMB) WMB stock price is trading in bullish territory and suggests a breakout in the upcoming sessions. Moreover, the chart showcases a bullish flag pattern. The price is near the upper trendline of $35, which, if surpassed, would lead to a sharp run toward the cluster of $50. Furthermore, the price action shows buying interest, while the bulls have persisted in building up and continued to accumulate in the past sessions. WMB stock price is above the significant moving averages and shows a gap-up candlestick, indicating buyer interest in yesterday’s session. Williams Companies (WMB stock) price is near the trendline of $35, which the bulls are trying to surpass, and show a willingness to reach $50 in the following sessions. Furthermore, the immediate hurdle of $40 needs to be surpassed to reach $50 amid the positive sentiments. However, the bulls and bears show indecisiveness and try their best to attain dominance. As per the options chain, at the strike price of $35, a massive open interest of 738 hundred shares on the call side indicates a strong resistance zone, a challenge for the bulls to surpass. At press time, WMB stock price was $34.36 with an intraday gain of 2.02%, showing bullishness in yesterday’s trading sessions. Moreover, trading volume increased by 0.45% to 4.68 Million, and the market cap is $41.796 Billion. However, analysts have maintained a neutral rating with a yearly target price of $37.92, suggesting a growth outlook for the following sessions. The Williams Cos., Inc. operates as an energy infrastructure company which explores, produces, transports, sells and processes natural gas and petroleum products. It operates through the following segments: Transmission and Gulf of Mexico, Northeast G&P, and West. The Transmission and Gulf of Mexico segment consists of interstate natural gas pipelines, the Transco…

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Filed under: News - @ October 11, 2023 3:26 am