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.