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Bearish Moving Average Cross by American Water Works (AWK)

By David Diaz

Today, shares of American Water Works (NYSE:AWK) have fallen below their 10-day MA of $83.21 on a volume of 219K shares. This may provide swing traders with an opportunity 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 $85.24 and are now at $82.62, 71% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.9%.

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 40.8%. 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

Ticker(s): AWK