In a welcome move, American Water Works saw its Relative Strength Rating improve from 63 to 76 on Tuesday.
This unique rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their largest climbs. See if American Water Works can continue to show renewed price strength and hit that benchmark.
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American Water Works is working on a cup without handle with a 150.68 buy point. See if it can break out in heavy trade.
In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Sales gains have also moved higher during the same period.
American Water Works holds the No. 2 rank among its peers in the Utility-Water Supply industry group. SABESP ADR is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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