Xylem (XYL) : Traders are bullish on Xylem (XYL) as it has outperformed the S&P 500 by a wide margin of 7.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.85% in the last 1 week, and is up 8.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Xylem Inc. is up 17.17% in the last 3-month period. Year-to-Date the stock performance stands at 40.26%. The stock has recorded a 20-day Moving Average of 5.68% and the 50-Day Moving Average is 8.81%.
Xylem (NYSE:XYL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.35 and $50.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.80, notching a gain of 0.71% for the day. The total traded volume was 989,388 . The stock had closed at $50.44 on the previous day.
Also, Canaccord Genuity maintains its view on Xylem (NYSE:XYL) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Canaccord Genuity raises the price target from $45 per share to $50 per share on Xylem . The rating by the firm was issued on August 16, 2016.
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).