This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Pentair(PNR - Get Report) is an industrial manufacturing company that provides water pumps, filters, systems and solutions as well as enclosures and thermal management systems. This stock is trading up 2.5% at $44.50 in recent trading.
Today's Volume: 3.3 million
Average Volume: 1.1 million
Volume % Change: 445%
Shares of PNR are moving modestly higher today after the company announced a $400 million stock repurchase program, and it said it will pay a cash dividend of 22 cents per share on Nov. 9 to shareholders of record on Oct. 26.
>>5 Stocks Getting Ready to Pay Bigger Dividends
From a technical perspective, PNR is bouncing higher here right off its 50-day moving average of $43.03 with above-average volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade. That trade will hit once PNR manages to take out some near-term overhead resistance at $44.47 to $45.21 with high volume. At last check, PNR has hit an intraday high of $44.73 and volume is well above its three-month average action of 1.1 million shares.
Traders should now look for long-biased trades in PNR as long as it's trending above its 50-day at $43.03, and then once it sustains a move or close above those breakout levels with volume that's near or above 1.1 million shares. If that breakout triggers soon, then PNR will have a great chance to re-test or possibly take out its next significant overhead resistance level at $48.27.