American States Water Co

AWR remains in a Stage 2 uptrend above the 200-day SMA, but the recent breakdown below the 50-day SMA and short-term EMAs on high volume signals acute near-term weakness. EMAs have turned down and price is below them with follow-through, creating unfavorable timing. Medium-term bias stays bullish as long as the 200-day SMA holds, so engagement should be deferred (Stalk) until support is absorbed or EMAs are reclaimed around key moving averages.

• ↑Revenue $181.3M (+11.2% YoY); EPS $1.09 (+25.3%)
• ↑Board raised dividend to $2.182/share (2.5% yield)
• ↓Profitability under pressure from higher O&M and construction costs