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 0.81% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.3%, relative to the S&P 500. The stock has risen by 0.84% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.23% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.64% and the 50-Day Moving Average is 1.05%.The 200 Day SMA reached 19.04% Mueller Water Products, Inc. is up 8.85% in the last 3-month period. Year-to-Date the stock performance stands at 41.12%.
MUELLER WATER PRODUCTS (MWA) : The highest level MUELLER WATER PRODUCTS (MWA) is projected to reach is $15 for the short term and the lowest estimate is at $12. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $13.14 and the possibility the share price can swing is $1.22.
For the current week, the company shares have a recommendation consensus of Buy. MUELLER WATER PRODUCTS (NYSE:MWA): The stock opened at $12.01 and touched an intraday high of $12.05 on Friday. During the day, the stock corrected to an intraday low of $11.88, however, the bulls stepped in and pushed the price higher to close in the green at $12.04 with a gain of 0.92% for the day. The total traded volume for the day was 1,162,313. The stock had closed at $12.04 in the previous trading session.
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.