American Water Works Bullish Moving Average Crossover Alert (AWK)
Today, shares of American Water Works (NYSE:AWK) have advanced above their 10-day MA of $77.76 on a volume of 261K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
American Water Works share prices have moved between a 52-week high of $78.79 and a 52-week low of $48.36 and are now trading 61% above that low price at $77.98 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.8%.
SmarTrend recommended that subscribers consider buying shares of American Water Works on December 17th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.20. Since that recommendation, shares of American Water Works have risen 31.1%. 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 works