Fresh Buy, Negative Confirmation: Tighter Stop
American Water Works Slips 4.5% on Confirmation, but the 121 Double Bottom Holds
Fresh Buy, Negative Confirmation: Tighter Stop
Our view last week
American Water Works opens a fresh buy signal, in its first week of life. Signal strength is weak, at 38 out of 100, and the stock sits last among the 10 fresh US buy opportunities in our ranking. The weekly structure still leans bullish, with price compressed against the 50-week moving average: an entry to size with caution, not to chase.
This week's summary
American Water Works closes the first confirmation week of its fresh buy signal down 4.5%, with sellers dominant on the last bar and buyer dominance collapsing. The daily chart still holds a double bottom in the 121 area, though, with a 5% intermediate bounce. Signal strength drops to 35 out of 100: weak conviction, in a weekly picture still bullish but cooling.
IQS Phase
52
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#105 / 129
US stocks in progress
Trade P&L %
-4.51%
from signal to today
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