The Double Bottom is just one piece of the puzzle. See the full technical breakdown.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
XYL is showing interesting structural developments at $108.62. With a last close of $108.62, volatility remains active (0.37%). The primary technical feature is a Double Bottom formation. The trend indicator is reading 33.7/100, suggesting moderate momentum. A potential breakout level is identified at $130.18, targeting $155.07 with support near $117.73 (R:R 2.0).
What is your outlook on XYL?