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For today's chart we've chosen to take a look at Aqua America Inc. (NYSE:WTR) because it is trading near an interesting level of support. As you can see from the chart below, the $21.50 level has been able to prop up the price of the stock several times over the past year and many traders will expect this story to continue. We've also added the MACD indicator because it has crossed above its signal line. This bullish crossover suggests we may see an end to the sideways momentum faster than some expect.

Another indicator of specific interest is the On-Balance Volume (OBV). The upward slope of the indicator suggests that the stock is being accumulated and it may be used by traders to confirm a move higher. We'll keep a bullish outlook on this stock until the price closes below the support of the $21.50 level.


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