Bearish DailyPlay for Thursday August 25th, 2016 – American Water Works (AWK)
The bearish DailyPlay we chose for Thursday August 25th is American Water Works (AWK). AWK is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 3.93% move lower and it’s 1m and 6m trend turned bearish and neutral on 8/5 while breaking below its $51 support level.
American Water Work’s 1m and 6m trends turned bearish on 8/5 while breaking below its $79 support level on high volume. With a technical score of 3 (out of 10), AWK looks positioned to continue this strong bearish trend lower.