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Recent 52-Week High Exceeded in Shares of Xylem Inc (XYL)

By Nick Russo

Shares of Xylem Inc (NYSE:XYL) traded at a new 52-week high today of $61.90. This new high was reached on below average trading volume as 64,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

Xylem Inc share prices have moved between a 52-week high of $61.90 and a 52-week low of $42.52 and are now trading 45% above that low price at $61.63 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

Xylem, Inc. is a designer, manufacturer, equipment, and service provider for water and wastewater applications addressing the full-cycle of water from collection, distribution, and use to the return of water to the environment. The Company's products include water and wastewater pumps, treatment and testing equipment, industrial pumps, valves, heat exchangers, and dispensing equipment.

Xylem Inc (NYSE:XYL) defies analysts with a current price ($61.63) 7.9% above its average consensus price target of $56.79. The stock should find initial support at its 50-day moving average (MA) of $40.32 and further support at its 200-day MA of $36.28.

SmarTrend recommended that subscribers consider buying shares of Xylem Inc on March 31st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.14. Since that recommendation, shares of Xylem Inc have risen 22.8%. We continue to monitor XYL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows xylem inc

Ticker(s): XYL