Williams Companies Inc

For today's chart we've chosen to take a look at Williams Companies Inc. (NYSE:WMB) because several technical indicators are challenging the strength of the uptrend. As you can see from the chart below, the Parabolic SAR indicator has recently triggered a sell signal, which will be used by many traders to suggest that the price is likely to pull back toward the long-term trendline. The reversal of the dots should be used in conjunction with other indicators and is a good method for determining whether the bulls or the bears are in control of the stocks direction. We've also added the MACD indicator, which has recently crossed below its signal line. This bearish crossover will be used to confirm the pullback and illustrates the overhead resistance that the bulls face if they'd like to continue pushing the stock higher.