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!
Good trading,
Greg Schnell, CMT, MFTA.
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg 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 CMT Association and the International Federation of Technical Analysts (IFTA).
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