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Waters Bearish Moving Average Crossover Alert (WAT)

By Shiri Gupta

Waters (NYSE:WAT) shares have crossed bearishly below their 10-day moving average of $182.80 on a volume of 136K 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.

Over the past year, Waters has traded in a range of $112.00 to $187.65 and is now at $180.38, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

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 26.8%. 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