AWK soars 2.18% closing $1.76 higher


American Water Works Company Inc. (AWK) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team

Highlights

AWK rallies 2.18% closing $1.76 higher
AWK finds buyers at key support level
AWK pushes through 20-day moving average
AWK fails to close above 200-day moving average
AWK closes higher for the 2nd day in a row

Overview

Moving higher for the 2nd day in a row, AWK finished Monday at 82.62 surging $1.76 (2.18%). This is the biggest single day gain in over a month. Today's closing price of 82.62 marks the highest close since January 31st. Closing above Friday's high at 81.58, American Water confirms its breakout through the prior session's high having traded $1.42 above it intraday.

Daily Candlestick Chart (AWK as at Apr 16, 2018):

Daily technical analysis candlestick chart for American Water Works Company Inc. (AWK) as at Apr 16, 2018

Monday's trading range was $1.15 (1.4%), that's slightly below last trading month's daily average range of $1.38. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.

After trading as low as 81.85 during the day, the share bounced off the key support level at 81.94. The failure to close below the support might increase that levels importance as support going forward. Prices are trading close to the key resistance level at 83.07. After spiking up to 83.00 during the day, the stock found resistance at the 200-day moving average at 82.93.

While still in a long-term downtrend, the short and medium-term trends both turned bullish already. The market managed to break above the 20-day moving average at 81.23 today for the first time since March 27th.

Trading close to February's high at 83.07 we could see further upside momentum if potential buy stops at the level get activated.


Market Conditions for AWK as at Apr 16, 2018

Loading Market Conditions for AWK (American Water Works Company Inc.)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when American Water Works Company Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!