Stock Of The Day: Imminent Reversal In American Water Works?

As you can see on the chart below, the last three times it reached levels around $148.00, it reversed and sold off. This may be about to happen again, which is why we have made it our Stock of the Day. Shares of American Water Works Company, Inc. AWK are trading higher on Monday. But that may not be the case for much longer. There is a chance the stock reverses and heads lower. Now that the shares have returned to around $148.00, remorseful buyers will place sell orders once more, which could create resista ...