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American Water W Crosses Below its 10-day MA (AWK)

By Shiri Gupta

American Water W (NYSE:AWK) crossed under its 10-day moving average of $117.11 on a volume of 119K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

American Water W share prices have moved between a 52-week high of $119.30 and a 52-week low of $85.88 and are now trading 36% above that low price at $116.89 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of American Water W on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.51. Since that recommendation, shares of American Water W have risen 25.4%. We continue to monitor AWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses american water w

Ticker(s): AWK