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| WPZ Crosses Technical IndicatorBy Dividend Channel Staff, Tuesday, January 10, 12:16 PM ET
In trading on Tuesday, shares of Williams Partners L.P. (NYSE:WPZ) entered into overbought territory, changing hands as high as $63.14 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70. In the case of Williams Partners L.P., the RSI reading has hit 70.9 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 61.4. Investors could look at WPZ's 70.9 reading as a sign that the recent heavy buying is in the process of exhausting itself, which could bring a pullback in the stock. The chart below shows the one year performance of WPZ shares:
Looking at the chart above, WPZ's low point in its 52 week range is $44.81 per share, with $63.14 as the 52 week high point — that compares with a last trade of $62.88. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on WPZ is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
According to the ETF Finder at ETF Channel, WPZ makes up 2.48% of the Dynamic Energy Sector Portfolio ETF (AMEX:PXI) which is trading higher by about 1.4% on the day Tuesday. See what other ETFs contain WPZ » WPZ operates in the Oil & Gas Equipment & Services sector, among companies like Enbridge Energy Partners, L.P. (NYSE:EEP) which is down about 0.3% today, and Magellan Midstream Partners LP (NYSE:MMP) trading lower by about 0.9%. Below is a three month price history chart comparing the stock performance of WPZ, versus EEP and MMP.
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