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US Stock In Play: $WAT (Waters Corporation)

Long
NYSE:WAT   Waters Corporation
U.S. stocks climbed to record highs on Monday with both the Dow Jones Industrial Average ($DJI) and S&P 500 ( $SPX ) hitting a new record close. This is on the back of a strong bounce in U.S. job growth and solid data in the services sector raised expectations for a swift economic recovery from the pandemic.

$WAT rallied +3.84% to an all time high closing of $295.65. The bullish momentum witnessed on Monday have $WAT also breaking out of a 7 month structural trend channel, setting sight for further upside in the immediate week.

At the current junction, implied volatility of $WAT remains 25% away from its 2021 peak of $7.80, while $WAT remains merely 1% away from its all time high traded price of $299.

$WAT a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe.

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