AWK: 3.4% bounce, but volume isn't confirming it
American Water Works bounces 3.4% off a double bottom, but volume isn't buying it
AWK: 3.4% bounce, but volume isn't confirming it
Our view last week
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.
This week's summary
American Water Works rebounds 3.4% off a double bottom in the 123 area, but volume doesn't fully back it: sellers ruled the last session and buyer dominance is fading. The second week of the buy signal closes with the trade still slightly negative since entry (-1.28%), and the model has flagged an early exit warning: the position continues with a tighter dynamic stop.
IQS Phase
46
ordinary
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#100 / 112
US stocks in progress
Trade P&L %
-1.28%
from signal to today
restricted Platinum content