) is a provider of pumps and pumping equipment for water and wastewater applications. The company’s stock is currently trading around $38.35 in a 52 week range of $23.61-$38.50. The stock has performed well over the past year with shares rallying nearly 36% over the past 12 months. The stock made a new all-time high today and is up nearly 1% on the day. Options action during today’s trading session also suggests that this trend could continue through July expiration. Earlier in the session a trader bought 1,375 XYL
Jul 40 calls for $1.80. This is a very bullish
bet and this block represents volume
nearly 20 times the average daily option volume
. With stock trading at a new 52 week high and well above the Ichimoku Cloud
we believe that XYL
is setting up well for a long position.