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Bullish Moving Average Cross by Aqua America Inc (WTR)

By David Diaz

Today, shares of Aqua America Inc (NYSE:WTR) have advanced above their 10-day MA of $41.44 on a volume of 295K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Aqua America Inc share prices have been bracketed by a low of $32.09 and a high of $42.14 and are now at $41.55, 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

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 12.7%. 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