Select Water Solutions Forms Golden Cross, Signaling Bullish Breakout Ahead

Select Water Solutions, Inc., a small-cap player in the Other Utilities sector, has recently experienced a significant technical event known as a Golden Cross. This occurs when a stock's short-term moving average crosses above its long-term moving average, often signaling a potential shift in momentum towards bullish trends.
Today, Select Water Solutions saw a notable increase of 3.95%, outperforming the S&P 500, which only gained 0.23%. This uptick contributes to a 1-week performance of 3.49%, again surpassing the S&P's 2.31%. Over the past month, the stock has shown a robust performance of 10.85%, compared to the S&P's 3.72%.

Despite a year-to-date decline of 10.5%, Select Water Solutions has demonstrated resilience with a 1-year performance of 11.9%, although it still trails behind the S&P 500's 18.33%. The stock's moving averages are currently bullish, and indicators such as the Bollinger Bands and KST also reflect positive momentum.

Investors may view the Golden Cross as a potential signal for increased buying interest, suggesting that Select Water Solutions could be positioned for further growth in the coming weeks.