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Xylem Inc Set to Possibly Pullback After Yesterday's Rally of 1.38%

By David Diaz

Xylem Inc (NYSE:XYL) traded in a range yesterday that spanned from a low of $80.12 to a high of $81.32. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $80.49 on volume of 373,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Xylem Inc has traded in a range of $62.19 to $81.32 and is now at $81.10, 30% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Xylem Inc on July 30th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.51. Since that recommendation, shares of Xylem Inc have risen 13.5%. We continue to monitor XYL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders xylem inc

Ticker(s): XYL