Barchart Stock Chart of the Day – January 2, 2009 Friday, January 02, 2009 by Barchart Analyst of Barchart.com

Barchart Stock Chart of the Day – January 2, 2009

With the New Year, change is in the air. Once the new administration is sworn in later this month, expect new priorities. And one of President-elect Obama’s avowed priorities is upgrading the American infrastructure. With that in mind, we note that infrastructure stocks seem to be on the move recently. Take today’s Chart of the Day, Mueller Water Products (MWA) a manufacturer of water infrastructure and flow control products.

We found MWA on today’s Barchart.com - Signals - Top 100 Stocks page , where we noticed its consistent improvement in signals over the last month.



 
Barchart Opinions for MWA are:

    Short Term Indicators Average: 100% Buy
    Medium Term Indicators Average: 50% Buy
    Long Term Indicators Average: 33% Buy
    Overall Average: 72% Buy

Barchart Trend Spotter Signal: Long since December 29, 2008.


Sector Performance: MWA is a member of the Steel - Pipe & Tube sector, where it is the 2nd best performing stock out of 7 stocks in the sector. While the sector as a whole has a weighted Alpha of -37.57%, MWA itself has a weighted Alpha of -26.30% indicating that it is somewhat stronger than the sector as a whole. To learn more about weighted Alpha, visit the Barchart Learning Center .

How we spotted this chart: MWA appeared on Barchart’s Signals - Top 100 Stocks page, where we sorted by last month’s signals and looked for stocks with consistently improving scores.

Recent Developments:

There are no significant news items for MWA in the last seven days.

Recent articles from this author

• Barchart Chart of the Day - September 16, 2009 - Wednesday, September 16, 2009
• Barchart Stock Market Wrap – March 13, 2009 - Friday, March 13, 2009
• Barchart Stock Chart of the Day – March 13, 2009 - Friday, March 13, 2009
• Barchart Stock Market Wrap – March 12, 2009 - Thursday, March 12, 2009
• Barchart Stock Chart of the Day – March 12, 2009 - Thursday, March 12, 2009

About the author

The Barchart Analyst has over 35-years experience in the futures and stock markets, and is a former member of the Chicago Board of Trade. He has participated in an advisory role for many large corporations and has spent 19 years developing and back testing sophisticated trading systems for top Wall Street brokers and commodity trading firms.

The Barchart Analyst uses many of Barchart.com's free tools, such as Signals, Top Stocks by Sector, and Opinions, to scour the market for stocks on the verge of a major move. His commentary alerts readers to major market trends and provides promising trading ideas.

Comments may be forwarded to The Barchart Analyst via editor@insidefutures.com.

With a heritage dating back to 1934, Barchart.com, Inc. has substantial experience in meeting the informational needs of the financial industry. A full-service provider of futures and equities financial market data from all major exchanges, Barchart also provides comprehensive historical market data and research, custom web content, complex real-time charting applications, an extensive array of market tools and analytics, retail, and educational products.