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SmarTrend Watching for Potential Rebound in Shares of American Water W After 4.21% Loss

By James Quinn

American Water W (NYSE:AWK) traded in a range yesterday that spanned from a low of $116.22 to a high of $118.16. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $117.64 on volume of 319,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

American Water W share prices have moved between a 52-week high of $129.89 and a 52-week low of $85.89 and are now trading 37% above that low price at $117.58 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.5%.

Keywords: rebounders american water w

Ticker(s): AWK