American Water Works Crosses Below its 10-day MA (AWK)
American Water Works (NYSE:AWK) crossed under its 10-day moving average of $72.80 on a volume of 203K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, American Water Works share prices have been bracketed by a low of $48.36 and a high of $74.89 and are now at $72.67, 50% above that low price. 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 23.6%. 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