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After Yesterday's Rally of 1.83% Shares Could Potentially Pullback

By David Diaz

Waters (NYSE:WAT) traded in a range yesterday that spanned from a low of $181.10 to a high of $184.57. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $181.21 on volume of 217,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Waters have traded between a low of $112.00 and a high of $184.37 and are now at $184.37, which is 65% above that low price. 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 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 24.1%. We continue to monitor WAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders waters

Ticker(s): WAT