Xylem (XYL) has risen sharply, recording gains of 6.39% in the past 4 weeks. However, the stock has corrected -0.19% in the past 1 week, providing a good buying opportunity on dips. Xylem (XYL) : During the past 4 weeks, traders have been relatively bearish on Xylem (XYL), hence the stock is down -0.34% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.8% relative to the S&P 500.
Xylem (NYSE:XYL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.71 and $46.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.96, notching a gain of 0.47% for the day. The total traded volume was 763,091 . The stock had closed at $46.74 on the previous day.
The stock has recorded a 20-day Moving Average of 2.64% and the 50-Day Moving Average is 3.98%. Xylem Inc. is up 10.99% in the last 3-month period. Year-to-Date the stock performance stands at 29.66%.
Xylem Inc. is engaged in the design, manufacturing, and application of engineered technologies for the water industry. The Company is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment. The Company is an equipment and service provider in various application areas of the water equipment industry: transport, treatment, test, building services, industrial processing and irrigation. The Companys water market brands, such as Bell & Gossett and Flygt. The Company sells its products in more than 150 countries through a distribution network consisting of direct sales force and independent channel partners. The Company has two business segments: Water Infrastructure (collection, distribution and return) and Applied Water (usage).