Maybe a water play doesn't make for great cocktail conversation, but at least the chart is attractive. Check out American Water Works (AWK). (American Water Works is part of TheStreet's Trifecta Stocks portfolio.)
AWK bottomed in early July, chart above, but it has been rising since then. AWK has increased even when the rest of the "tape" has been weak, which is called positive relative strength. Notice how the On-Balance-Volume (OBV) line has been rising since July. We can see a golden cross in October as the shorter and more sensitive 50-day moving average crossed above the slower 200-day average. The trend following the Moving Average Convergence Divergence (MACD) oscillator is positive and above the zero line.
The overall market would be in better technical shape if more stocks looked like this chart of AWK, above. Prices are above the rising 40-week moving average and the MACD oscillator is rising strongly. Traders and investors could go long AWK at current levels or on some shallow weakness. The stock's risk is just below $57.