York Water - Sell Signals

This morning I deleted York Water (YORW) from the Barchart Van Meerten New High Portfolio for negative price momentum.

Barchart technical indicators:

• 72% technical sell signals
• Trend Spotter sell signal
• Below its 20, 50 and 100 day moving averages
• 19.61% off its recent high
• Recently traded at 2685 with a 50 day moving average of 29.97

Some buy signals

As I write this post I am adding some stocks to the Barchart Van Meerten New High portfolio not because I see the market recovering as much as I see it bottoming out.  If you look the the chart of the Value Line Arithmetic you will see that it appears to be trading off a bottom.  The stocks I'm adding are those taken from the Russsell 3000 Index that have technical buying signals of 100% at the time I place the trade:

The stocks added:

1.  YORW York Water
2. XEL XCEL Energy
3. WTR Aqua America
4. WGL WGL Holding
5. WEC Wisconsin Energy
6. T AT&T
7. SYA Symetra Financial
8. STZ Consellation Brands
9. STOR Store Capital
10. SSS Sovran Self Storage
11. SPKE Spark Energy
12. SERV Service Master Global
13. SCG Scana
14. SAFM Sanderson Farms
15. SO Southern Company

York Water Company - Barchart's Chart of the Day

The York Water Company (YORW) is the Barchart Chart of the Day. The water utility stock has a Trend Spotter buy signal, a Weighted Alpha of 28.34+, gained 17.23% in the last year and paid a 2.44% dividend.

The Chart of the Day belongs to The York Water Company (YORW).  I found the stock by sorting the All Time High list for the stocks with the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled another buy on 12/17 the stock gained 13.22%.

The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures.

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
• 4 new highs and up 5.52% in the last month
• Relative Strength Index 66.31%
• Barchart computes a technical support level at 23.75
• Recently traded at 24.84 with a 50 day moving average of 22.23

Fundamental factors:

• Market Cap $318.70 million
• P/E 29.90
• Dividend yield 2.44%
• Revenue expected to grow 9.20% this year and another 3.20% next year
• Earnings estimated to increase 13.30% this year, an additional 4.70% next year and continue to compound at an annual rate of 4.90% for the next 5 years
• Wall Street analysts issued 2 hold and 1 under perform recommendation on this stock

None of the technical trading strategies have been effective on this stock so unless you'd like to hold it for the steady dividend yield I would not advise you try to trade this stock.