SmarTrend Detects Continued Selling Pressure in Shares of American States Water (AWR)
SmarTrend identified a Downtrend for American States Water (NYSE: AWR) on January 20, 2010 at $33.63. In approximately 3 weeks, American States Water has returned 5.6% as of today's recent price of $31.76.
American States Water is currently below its 50-day moving average of $34.33 and below its 200-day moving average of $34.29. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of American States Water.
Write to Chip Brian at cbrian@tradethetrend.com
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