Chesapeake Utilities - Barchart's Chart of the Day

Chesapeake Utilities (CPK) is the Barchart Chart of the Day.  The gas distribution utility has a Trend Spotter buy signal, a Weighted Alpha of 37.00+, gained 30.59% in the last year and paid a 2.15% dividend.

The Chart of the Day belongs to Chesapeake Utilities (CPK).  I found the stock by sorting the All Time High list for stocks with the most frequent now highs in the last month ten used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 12/9 the stock gained 11.77%.

CPK is a utility company engaged in natural gas distribution and transmission, propane distribution and marketing, advanced information services and other related businesses.Chesapeake's three natural gas distribution divisions serve residential, commercial and industrial customers in southern Delaware, Maryland's Eastern Shore and Florida. The Company's natural gas transmission subsidiary operates an interstate pipeline system that transports gas from various points in Pennsylvania to Delaware and Maryland distribution divisions.

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
• 16 new highs and up 17.07% in the last month
• Relative Strength Index 83.04%
• Barchart computes a technical support level at 50.41
• Recently traded at 52.60 with a 50 day moving average of 46.72

Fundamental factors:

• Market Cap $766.38 million
• P/E 20.51
• Dividend yield 2.15%
• Revenue expected to grow 13.70% this year and shrink 1.00% next year
• Earnings estimated to increase by 13.70% this year but decrease by 2.70% next year; on the whole earnings are predicted to grow by 3.00% annually for the next 5 years
• Wall Street analysts issued 4 hold recommendations on the stock

Technical trading strategies have not worked well on this stock so please hold until the total return turns negative.