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AWK
Benzinga
141 days

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

1. AWK shares are currently trading higher but may soon decline. 2. Previous price levels around $148.00 caused significant sell-offs. 3. Investor psychology creates resistance at $148.00 due to remorse. 4. Concerns among sellers could lead to further price drops. 5. Market psychology suggests resistance will pressure AWK prices.

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FAQ

Why Bearish?

Previous sell-offs at $148.00 indicate strong resistance. Historical patterns suggest pattern repetition in stock price behavior.

How important is it?

High likelihood of resistance affecting AWK’s price due to historical trends and trader psychology.

Why Short Term?

Resistance likely to impact AWK’s price in the immediate trading sessions. Historical sell-offs have typically occurred soon after price hits resistance.

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