Jim Van Meerten's  Instablog

Barchart.com's Chart of the Day - American Water (AWK)

Barchart Research Team - BC - Wed Jun 06, 6:56PM CDT

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AWK - American Water Works

The "Chart of the Day" is American Water (AWK), which showed up on Wednesday's Barchart "All-Time High" list. American Water on Wednesday posted a new all-time high of $34.98 and closed +2.19%. TrendSpotter just turned long on Wednesday's upside close. American Water was last featured on "Chart of the Day" about 5 months ago as of the January 19 close of $32.93. In recent news on the stock, the company on May 11 raised its dividend by 8.7% to 25 cents per share. The company on May 30 reaffirmed FY12 EPS guidance of $1.90-2.00 versus the consensus of $1.96. American Water, with a market cap of $6 billion, is an investor-owned U.S. water and wastewater utility company that provides drinking water, wastewater and other related services to approximately 15.6 million people in 32 states and Ontario, Canada.

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How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.

The status of 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.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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