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After Yesterday's Rally of 2.24% Shares Could Potentially Pullback

By David Diaz

American Water W (NYSE:AWK) traded in a range yesterday that spanned from a low of $81.85 to a high of $83.00. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $82.24 on volume of 543,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

American Water W share prices have moved between a 52-week high of $92.37 and a 52-week low of $69.41 and are now trading 19% above that low price at $82.70 per share. 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