Pentair Inc. (NYSE: PNR) — This diversified industrial manufacturer makes products and systems used in the movement, storage, and treatment of water, and it also manufactures custom enclosures that house sensitive electronics.�
S&P recently upgraded PNR to a �five-star strong buy� with a 12-month target of $48. On April 7, the Trade of the Day recommended PNR at under $40 saying, �Technically, PNR is in a powerful bull trend and recently broke from a double-top that yields a trading objective of $43.��
Since then, the stock broke to a new high over $40 following a series of �stair steps� that point the way higher. Ideally a pullback to $38 (50-day moving average) would be a good entry price. Our longer-term target is $50.
If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.
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