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Watch for American Water W to Potentially Pullback After Gaining 1.00% Yesterday

By Amy Schwartz

American Water W (NYSE:AWK) traded in a range yesterday that spanned from a low of $105.04 to a high of $106.04. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $105.51 on volume of 562,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of American Water W on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.51. Since that recommendation, shares of American Water W have risen 12.3%. We continue to monitor AWK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, American Water W share prices have been bracketed by a low of $77.73 and a high of $106.04 and are now at $106.04, 36% above that low price. The 200-day and 50-day moving averages have moved 0.51% higher and 1.27% higher over the past week, respectively.

Keywords: rebounders american water w

Ticker(s): AWK