Possible Bearish Inside Day Candle Pattern Detected for Aqua America (NYSE:WTR)
SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Aqua America (NYSE:WTR) based on the price action in the company's shares. Today's price range of $32.72 and $33.28 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Aqua America may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.
Aqua America share prices have moved between a 52-week high of $33.62 and a 52-week low of $24.06 and are now trading 37% above that low price at $32.86 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.
Aqua America (NYSE:WTR) has potential upside of 2.3% based on a current price of $32.86 and analysts' consensus price target of $33.62. Aqua America shares have support at the 50-day moving average (MA) of $31.61 and additional support at the 200-day MA of $28.54.
Aqua America Inc. is a water utility company. The Company supplies water to residential, commercial, industrial, and public customers. Aqua America serves residents through its water and wastewater operations in the Northeastern Southeastern, and Midwestern United States.
SmarTrend is monitoring the recent change of momentum in Aqua America. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Aqua America in search of a potential trend change.
Keywords: bearish inside day candle aqua america