Market sentiment is no longer aligned and you can expect a reversion to the 200 MA around 70 dollars. AWK is currently in phase B of a Wyckoff distribution trading range, it's liable to trade sideways for years to come. I would recommend exiting your position, though you can expect a test of 85 dollars next year you're more likely to see a downward move first.
AWK, took dry winter. Now Sea levels are rising and so is AWK! uptrend is being confirmed, some resistance coming soon if it breaks the resistance loyal gains will be made!
American Water Works Company, Inc. is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada.
After a drawdown of -17% since the beginning of the year, the stock began to grow and has now consolidated at the external border of the resistance line.
After the publication of the next report, growth is expected...
"AWK" Showed strong support/resistance, however was going to test the resistance once again. The best way to manage risk in this scenario is to form two positions as seen above, knowing that the stock will deviate from the resistance line once it meets/crosses. Unless news or another piece of compelling evidence sways your outlook in terms of breaking out of the...
