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Sep 28, 2020 12:56 AM

AQN outperforming/avwap support Long

Algonquin Power & Utilities Corp.NYSE

Description

-For the last 2 months AQN has traded above the VWAPs from the significant highs and lows of the year
-During the same 2 month period, AQN has outperformed XLU and is now challenging its all time high in outperformance vs. XLU
-AQN has recently been outperforming SPY after breaking out of a downtrend in SPY underperformance that has acted as resistance since March

$13.5 looks like a good line in the sand, I have to expect higher prices as long as AQN stays above it
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