Consolidated Water - Chart Of The Day

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

Disclosure: None.

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