Saturday, June 21, 2008

WTR - Aqua America


WTR has made an absolutely gigantic move up in the past number of years as is evidenced on this MONTHLY chart. That being said, it's two year corrective phase is not so surprising although it has been significant on a percentage basis... Has recently reached BLUE trend line support and appears to be sufficiently oversold to get a rally going... These WATER stock should be great long term investments...


WTR has been stuck in a tight descending flag formation, is running into good support level, so I would look for it to start moving sideways here, before recovering...

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