The Barchart Chart of the Day belongs to the water utility company Consolidated Water (CWCO). Since the Trend Spotter signaled a buy in 7/22 the stock gained 14.55%.

Consolidated Water Co. Ltd. intends to develop and operate seawater conversion plants and water distribution systems in areas of the world where naturally-occurring supplies of potable water are scarce or nonexistent. It currently operates a public water utility in certain areas of the Cayman Islands under a 20-year exclusive license from the Government of the Cayman Islands. The company has signed contracts for its first overseas operations in the Commonwealth of the Bahamas.

Barchart technical indicators:

• 100% technical buy signals
• 34.90+ Weighted Alpha
• 19.35% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 13 new highs and up 12.76% in the last month
• Relative Strength Index 63.53%
• Technical support level at 16.19
• Recently traded at 16.49 with a 50 day moving average of 14.82

Fundamental factors:

• Market Cap $251 million
• 2.03% dividend yield
• Revenue expected to grow 5.10% this year and another .40% next year
• Earnings estimated to increase 12.70% next year and continue to compound at an annual rate of 8.00% for the next 5 years
• Wall Street analysts issued 2 strong buy recommendations on the stock
• The individual investors following the stock on Motley Fool voted 264 to 13 that the stock will beat the market