Xylem (XYL) specializes in water technology and spent this week pushing to new highs. This breakout looks good as it moves above a zone of resistance that has been in place for nine months.
What I like most about the chart is the breakout comes after consolidating major gains from early 2016. Water is a growth industry and this chart looks set up to perform.
I posted a Commodities Countdown video this week with some ideas around Commodities. It might be one of the best months to start getting involved in Commodities.
Greg Schnell, CMT, MFTA