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Waters Crosses Above its 10-day MA (WAT)

By David Diaz

Today, shares of Waters (NYSE:WAT) have crossed bullishly above their 10-day moving average of $150.00 on a volume of 239K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Waters has traded in a range of $112.00 to $158.55 and is now at $158.37, 41% above that low. Over the past week, 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 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: moving crosses waters

Ticker(s): WAT