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.