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Possible Bearish Inside Day Candle Pattern Detected for Xylem Inc (NYSE:XYL)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Xylem Inc (NYSE:XYL) based on the price action in the company's shares. Today's price range of $82.49 and $82.66 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Xylem Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Xylem Inc. engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.

Based on a current price of $82.66, Xylem Inc is currently 3.7% above its average consensus analyst price target of $79.62. Xylem Inc shares have support at the 50-day moving average (MA) of $79.33 and additional support at the 200-day MA of $74.29.

In the past 52 weeks, Xylem Inc share prices have been bracketed by a low of $60.65 and a high of $84.41 and are now at $82.66, 36% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.13% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Xylem Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Xylem Inc in search of a potential trend change.

Keywords: bearish inside day candle xylem inc

Ticker(s): XYL