MDU Resources Group - Barchart's Chart of the Day

MDU Resources Group (MDU) is the Barchart Chart of the Day.  The diversified energy company has  Trend Spotter buy signal, a Weighted Alpha of 46.00+ and gained 43.51% in the last year plus paid a 2.11% dividend.

The Chart of the Day is MDU Resources Group (MDU). I found the stock by sorting today's New High List for frequency in the last month, skipped the stocks that did not have positive gains for the last week and month, then used the FlipChart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/24 the stock gained 12.97%.

MDU provides value-added natural resource products and related services that are essential to energy and transportation infrastructure, including regulated businesses, an exploration and production company and construction companies. MDU includes regulated electric and natural gas utilities and regulated natural gas pipelines and energy services, natural gas and oil production, construction materials and contracting, and construction services.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 12.35% in the last month
• Relative Strength Index 77.09%
• Barchart computes a technical support level at 33.53
• Recently traded at 34.38 with a 50 day moving average of 30.89

Fundamental factors:

• Market Cap $6.50 billion
• P/E 22.17
• Dividend yield 2.11%
• Revenue predicted to grow 5.30% this year and another 8.50% next year
• Earnings estimated to increase 3.90% this year, an additional 10.70% next year and continue to increase at an annual rate of 6.60% for the next 5 tears
• Wall Street analysts issued 3 strong buy, 1 buy and 7 hold recommendations on the stock
• Financial Strength is A+

Great income stock plus price momentum.  Watch the 50 day moving average for weakness and exit at the 100 day moving average.