Bearish DailyPlay for Tuesday Jan 30th, 2018 – American Water Works (AWK)
The bearish DailyPlay we chose for Tuesday Jan 30th is American Water Works (AWK). AWK is part of the Utilites Sector (XLU). Over the last month, XLU has experienced a 3.87% move lower and its 1m and 6m trend has turned bearish on 12/19 and recently bounced lower off its $51 resistance level.
American Water Work’s 1m and 6m trends turned bearish and neutral on 1/12 and recently bounced lower off its $85 resistance level. With a technical score of 4 (out of 10), AWK is a weak stock that is trending lower.
As a stop loss, if AWK was to trade above $85 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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