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After Yesterday's Rally of 1.16% Shares Could Potentially Pullback

By Shiri Gupta

American Water W (NYSE:AWK) traded in a range yesterday that spanned from a low of $81.34 to a high of $82.54. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $81.69 on volume of 297,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, American Water W share prices have been bracketed by a low of $69.41 and a high of $92.37 and are now at $82.30, 19% 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 is tracking the current trend status for American Water W and will alert subscribers who have AWK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders american water w

Ticker(s): AWK