On a relative basis, the stock has outperformed the S&P 500 by 7.68% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.49% in the last 1 week, and is up 7.54% 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 2.41% and the 50-Day Moving Average is 7.08%.The 200 Day SMA reached 23.57%. Xylem Inc. is up 11.79% in the last 3-month period. Year-to-Date the stock performance stands at 41.03%.
Xylem (NYSE:XYL): After opening at $50.76, the stock dipped to an intraday low of $50.53 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $51.22 and the buying power remained strong till the end. The stock closed at $50.92 for the day, a gain of 1.01% for the day session. The total traded volume was 934,622. The stocks close on the previous trading day was $50.41.
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).