Live monitoring of the Rectangle setup on AWK. See where price is heading.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Traders are watching American Water Works (AWK) as price action tightens. Price has moved to $133.39 (-0.76%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. Volume is average (0.69x avg) with moderate trend strength (0.8). A potential breakout level is identified at $130.86, targeting $110.11 with support near $139.63 (R:R 2.37).
What is your outlook on AWK?