AWK at multi-year support
One of my favorite investing themes for the coming decades is water. Blue gold, if you will. But in recent years, water ETF’s like PHO, CGW and PIO have basically been shoddy reflections of the S&P that have under-performed the broader markets. American Water Works (AWK), on the other hand, has been in a strong and steady uptrend since bottoming in 2009. The stock is now testing that trend line support for the fourth time, and appears to be breaking above resistance that has been in place for the last couple of months.