Water Utilities Are Outperforming The MarketMany of the water industry stocks look to be putting in a reversal pattern, otherwise known as The Anti. The sector itself is one of the few green sectors when performing sector analysis. This chart shows free bars (indicative of a market reversal), a pullback (The Anti setup) and a really strong bull bar confirming the initial price action. NYSE:CWT is the other water stock you can look to long, I actually like it more than this one.
A2A trade ideas
WTRG | Oversold Utility Co. | LONGEssential Utilities, Inc., through its subsidiaries, operates regulated utilities that provide water, wastewater, or natural gas services in the United States. The company operates through Regulated Water and Regulated Natural Gas segments. It offers water services through operating and maintenance contract with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households. It serves approximately 8.8 million residential water, commercial water, fire protection, industrial water, wastewater, and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, Virginia, West Virginia, and Kentucky under the Aqua and Peoples brands. The company was formerly known as Aqua America, Inc. and changed its name to Essential Utilities, Inc. in February 2020. Essential Utilities, Inc. was founded in 1886 and is headquartered in Bryn Mawr, Pennsylvania.
$WTRG with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for $WTRG after a positive over reaction following its earnings release placing the stock in drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
BIG Potential For ESSENTIAL UTILITIES DailyHey people, ESSENTIAL UTILITIES is in a bullish push with low volume buying friends and a shadow bear. The TIMEFRAME M1 is a gravestone bear that is heading to its last low point and back on its climb. Great possibility of breaking the median in force to go to the last preceding one above (See TIMEFRAME H4). And if buyers have an appetite for risk, find themselves on the next high two resistance to pass. This also corresponds to the daily TIMEFRAME.
Please LIKE & FOLLOW, thank you!