American States W. $AWR, defensive stock going up after a VCP
After 
AWR made a good breakout with a break away gap from a Volatility Contraction Pattern, is making a good and strong follow through. Also, the MACD is positive and going up.
The quotient against the
SPX shows good realtive strength against the market; IBD Investors gives a 72 relative strength rating, and is #3 in its industry group. 
AWK is leading the price action of the Utility-Water Supply Industry
Now the price is resting between $91 and $88. I will be looking for a breakout above that area to enter a position. With a risk/reward ratio of 3:1 it looks like a good trade. If the price follows through after that breakut I'll add to the position once the price breaks above $96 which is an area of strong resistance.
AWR made a good breakout with a break away gap from a Volatility Contraction Pattern, is making a good and strong follow through. Also, the MACD is positive and going up. The quotient against the
SPX shows good realtive strength against the market; IBD Investors gives a 72 relative strength rating, and is #3 in its industry group. AWK is leading the price action of the Utility-Water Supply IndustryNow the price is resting between $91 and $88. I will be looking for a breakout above that area to enter a position. With a risk/reward ratio of 3:1 it looks like a good trade. If the price follows through after that breakut I'll add to the position once the price breaks above $96 which is an area of strong resistance.
ملاحظة
BREAKOUT! Now waiting for volume confirmation.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.