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Watch for American Water W to Potentially Rebound After Falling 1.03% Yesterday

By David Diaz

American Water W (NYSE:AWK) traded in a range yesterday that spanned from a low of $102.89 to a high of $104.13. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $103.64 on volume of 385,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of American Water W have traded between a low of $77.73 and a high of $107.71 and are now at $102.89, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

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