The bullish DailyPlay we chose for Tuesday, April 23rd is American Water Works (AWK). AWK is part of the Utility Sector (XLU). XLU has declined 0.30% lower over the past month and its 1m and 6m trend turned bearish on April 17th but just bounced off its $57 support level.
American Water Work’s 1m and 6m trends turned bullish yesterday while bouncing off its $102 support level. With a technical score of 8 (out of 10), AWK is a strong stock that will likely continue higher. As a stop loss, if AWK was to trade below $102 for multiple days, this would invalidate our analysis and suggest getting out of the trade.