They increased the dividend. Isn't that a hint that they had a good quarter. The demand for water continues to grow.
I agree. This stock has had a nice run why would'nt people take some off the table before earnings.I myself sold some calls to collar. But I wouldn't risk touching the underlying. That is a "motley foolish" thing to do. The dividend in itself could help stabilize.People might panic if there is not a blowout figuring that it must now sing for it's supper or water at least. If it does drop it means nothing short of a buying opportunity.No question that this stock is a good long term play.
There is bound to be a lot of nervousnessover any stock Jim Cramer recommends.Thereis support at 43.50 where the 50 ema is on 60 min. chart.Has bounced off that a number of times. After that the 50 ema on the daily is at 42 or so.