Wade Back into Xylem
Back in early March I introduced the notion of water as a scarce resource and reviewed a few stock in which to invest along that pain point. One of those candidates was Xylem (XYL), a pure-play water company that brings its solutions to water utilities, industrial, commercial and residential applications and up until a few quarters ago had been a part of ITT (ITT).
Since that initial view was published, the shares climbed to a high of more than $28.50 before falling further than the S&P 500 during May and June. With last night's close at $23.92, XYL shares are within the $23-24 buying range I described back in early March....407 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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