MUELLER WATER PRODUCTS (MWA) : Traders are bullish on MUELLER WATER PRODUCTS (MWA) as it has outperformed the S&P 500 by a wide margin of 0.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.66%, 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 2.6% in the last 1 week, and is up 4.04% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.51% and the 50-Day Moving Average is 5.48%. Mueller Water Products, Inc. is up 10.65% in the last 3-month period. Year-to-Date the stock performance stands at 38.64%.
MUELLER WATER PRODUCTS (NYSE:MWA): stock turned positive on Friday. Though the stock opened at $11.75, the bulls momentum made the stock top out at $11.96 level for the day. The stock recorded a low of $11.7 and closed the trading day at $11.86, in the green by 0.59%. The total traded volume for the day was 1,171,022. The stock had closed at $11.79 in the previous days trading.
Mueller Water Products, Inc., is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Companys product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies, improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, dry-barrel and wet-barrel fire hydrants, and metering systems. The Company also manufactures fittings and couplings, including cast iron fittings, malleable iron fittings and unions, grooved fittings, threaded steel pipe coupling and nipples.