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Upgrade Alert for Xylem (XYL)

By Amy Schwartz

Xylem (NYSE:XYL) was upgraded from Neutral to Overweight at Atlantic Equities today. The stock closed yesterday at $51.05 on volume of 1.7 million shares, above average daily volume of 1.3 million.

Xylem, Inc. is a designer, manufacturer, equipment and service provider for waterand wastewater applications addressing the fullcycle of water from collection, distribution, and use to the return of water to the environment.

Xylem (NYSE:XYL) is currently priced 24.2% above its average consensus analyst price target of $38.71. The stock should find initial support at its 50-day moving average (MA) of $40.32 and further support at its 200-day MA of $36.28.

In the past 52 weeks, Xylem share prices have been bracketed by a low of $29.90 and a high of $50.88 and closed yesterday at $51.05, 71% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 0.87% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Xylem on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.93. Since that recommendation, shares of Xylem have risen 8.2%. We continue to monitor XYL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades xylem

Ticker(s): XYL