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Bearish Moving Average Cross by Aqua America Inc (WTR)

By Nick Russo

Today, shares of Aqua America Inc (NYSE:WTR) have crossed bearishly below their 10-day moving average of $41.27 on a volume of 127K 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.

Over the past year, Aqua America Inc has traded in a range of $32.09 to $42.14 and is now at $40.52, 26% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Aqua America Inc on March 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.58. Since that recommendation, shares of Aqua America Inc have risen 13.1%. We continue to monitor WTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses aqua america inc

Ticker(s): WTR