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Bearish Moving Average Cross by Waters (WAT)

By Nick Russo

Waters (NYSE:WAT) crossed under its 10-day moving average of $184.94 on a volume of 141K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Waters share prices have moved between a 52-week high of $187.65 and a 52-week low of $112.00 and are now trading 65% above that low price at $184.24 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Waters on February 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $145.86. Since that recommendation, shares of Waters have risen 27.2%. We continue to monitor WAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses waters

Ticker(s): WAT