No Monopoly Moves Here, American Water Works Is Poised to Rally Further

American Water Works (AWK) has been a big winner from the 2009 nadir but a recent consolidation phase allows us to present a higher price target from here. Check out these charts.

In this daily bar chart of AWK, below, we can see a shallow saucer-like bottom pattern from September. Prices made a rounded base around $72 and rallied over the top of the pattern in late February. In March prices corrected back to the neckline of the base pattern and they now look poised to resume their advance. AWK is above the rising 50-day moving average line and above the flattening 200-day moving average line. ...176 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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