Not Watered Down (XYL)

by | Jan 23, 2024

Sometimes great ideas can come from boring places.

And sometimes huge stock moves come from companies we never think about. 

Xylem (XYL) is one of those stocks. 

XYL makes water equipment and provides services for the water industry.

Sorry, I just yawned.

But this stock has been rising lately and could be ready for a big breakout.

Here’s the chart:

 

It’s had a tremendous 3-month run and is in a top 40 sector.

A break above $114.89 could lead to an exciting run for a boring company.

We’ll keep it on our radar.

Happy trading,

— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.

WRITTEN BY<br>Scott Welsh

WRITTEN BY
Scott Welsh

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