Williams Companies (WMB) , a large-cap natural gas processing and transportation business, is toying with the prospect of a move up and out of the six-month range in which it has been trading. A breakout here not only would represent a breakout to a new 52-week high; it would also be a move above the stock’s former highs of a decade ago. Indeed, 10 years ago, on June 22, 2015, WMB hit a high of $61.38. Today, the stock is trading around $62.80. We’re buyers here, with a price objective of $70. WMB’s short-term chart shows the stock has formed an “ascending triangle.” Turning to the stock’s long-term chart, WMB is virtually unchanged from where it was 10 years ago, inching above its highs of June 2015. We like the stock at these levels. DISCLOSURES: none. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
