When companies get into the mode of making profits, they can really outperform. Global Water (GWR.TO) is a great example. The SCTR has stayed as a top performer for a year now. The Relative Strength in purple just broke out to new highs and the MACD momentum is surging.
The volume is extremely light so we normally wouldn't mention it. However, the company just listed on the Nasdaq using the symbol GWRS. For this reason, it is probably one to watch!
Greg Schnell, CMT, MFTA.
About the author:
, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).
Greg is also the co-author of Stock Charts for Dummies
Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician
, Commodities Countdown
and Don't Ignore This Chart