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SmarTrend Watching for Potential Rebound in Shares of Waters Corp After 1.47% Loss

By David Diaz

Waters Corp (NYSE:WAT) traded in a range yesterday that spanned from a low of $245.28 to a high of $250.51. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $248.30 on volume of 207,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Waters Corp and will alert subscribers who have WAT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Waters Corp has traded in a range of $167.94 to $255.21 and is now at $246.51, 47% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.4%.

Keywords: rebounders waters corp

Ticker(s): WAT