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Shares of Waters Has Risen Above Previous 52-Week High

By Nick Russo

Shares of Waters (NYSE:WAT) traded today at $154.87, breaking its 52-week high. So far today approximately 141,000 shares have been exchanged, as compared to an average 30-day volume of 573,000 shares.

Over the past year, Waters has traded in a range of $112.00 to $154.87 and is now at $154.14, 38% above that low. The 200-day and 50-day moving averages have moved 0.01% higher and 0.62% higher over the past week, respectively.

Waters (NYSE:WAT) is currently priced 13.4% above its average consensus analyst price target of $133.54. The stock should discover initial support at its 50-day moving average (MA) of $130.80 and subsequent support at its 200-day MA of $127.28.

Waters Corporation provides high-performance liquid chromatography products and services. The Company distributes its products worldwide to a wide range of industries such as pharmaceuticals, chemicals, and environmental testing. Waters also designs, manufactures, sells and services thermal analysis, rheometry and calorimetry instruments and related software products.

SmarTrend recommended that subscribers consider buying shares of Waters on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $142.11. Since that recommendation, shares of Waters have risen 4.5%. We continue to monitor WAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows waters

Ticker(s): WAT