4 Efficient Companies in a Strengthening Uptrend

Includes: CGX, CWT, IDSA, OKE
by: Kapitall

The following is a list of stocks in a new uptrend, as defined by the Average Directional Index, or ADX(14) index. All of these stocks are more efficient than their competitors.

To create the list, we started with a universe of stocks in an uptrend that have an ADX(14) value above +20, which signals strengthening upward momentum. We then reduced the size of this universe by only focusing on companies that are more efficient than their competitors, as defined by the trailing twelve month receivables turnover, inventory turnover and asset turnover ratios.

ADX data sourced from Stockcharts, efficiency comps sourced from Reuters.

1. Consolidated Graphics Inc. (NYSE:CGX): Daily ADX Line(14) at 21.18. TTM Receivables Turnover at 6.34 vs. industry average of 0.19. TTM Inventory Turnover at 14.67 vs. industry average of 0.2. TTM Asset Turnover at 1.41 vs. industry average at 0.02.

2. California Water Services Group (NYSE:CWT): Daily ADX Line(14) at 21.32. TTM Receivables Turnover at 16.95 vs. industry average of 5.58. TTM Inventory Turnover at 43.67 vs. industry average of 22.98. TTM Asset Turnover at 0.29 vs. industry average at 0.2.

3. Industrial Services of America, Inc. (NASDAQ:IDSA): Daily ADX Line(14) at 20.75. TTM Receivables Turnover at 11.52 vs. industry average of 1.24. TTM Inventory Turnover at 14.16 vs. industry average of 1.85. TTM Asset Turnover at 3.94 vs. industry average at 0.12.

4. Oneok, Inc. (NYSE:OKE): Daily ADX Line(14) at 21.31. TTM Receivables Turnover at 15.31 vs. industry average of 0.98. TTM Inventory Turnover at 20.16 vs. industry average of 3.14. TTM Asset Turnover at 1.07 vs. industry average at 0.07.

Disclosure: No positions

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