Williams Partners LP (WPZ) : Traders are bullish on Williams Partners LP (WPZ) as it has outperformed the S&P 500 by a wide margin of 5.83% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.78% in the last 1 week, and is up 5.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.96% and the 50-Day Moving Average is 7.85%.The 200 Day SMA reached 45.8%. Williams Partners L.P. is up 12.86% in the last 3-month period. Year-to-Date the stock performance stands at 52.36%.
Williams Partners LP (NYSE:WPZ): After opening at $38.25, the stock dipped to an intraday low of $37.69 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.55 and the buying power remained strong till the end. The stock closed at $38.47 for the day, a gain of 1.58% for the day session. The total traded volume was 972,964. The stocks close on the previous trading day was $37.87.
Williams Partners L.P., formerly Access Midstream Partners, L.P., owns, operates, develops and acquires natural gas, natural gas liquids (NGLs) and oil gathering systems, and other midstream energy assets. The Companys business segments include Access Midstream, Northeast G&P, Atlantic-Gulf, West and NGL & Petchem Services. The Access Midstream segment provides gathering, treating, and compression services to producers. The Northeast G&P segment includes natural gas gathering and processing and NGL fractionation businesses. Atlantic-Gulf segment includes its interstate natural gas pipeline, Transcontinental Gas Pipeline Company, LLC (Transco), and natural gas gathering and processing and crude oil production handling and transportation. The NGL & Petchem Services segment includes its 88.5% interest in an olefins production facility in Geismar, Louisiana, along with an RGP Splitter and various petrochemical and feedstock pipelines.