Chart of the Day: Powell Industries is Electric

The Chart of the Day belongs to the electric parts manufacturer Powell Industries (POWL).  I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 5/4 the stock gained 28.09%.

Powell Industries, Inc., together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems for the distribution, control, and monitoring of electrical energy. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears. Its products have application in voltages ranging from 480 volts to 38,000 volts; and are used in oil and gas refining, onshore and offshore oil and gas production, petrochemical, liquid natural gas terminals, pipeline, terminal, mining and metals, light rail traction power, electric utility, pulp and paper, and other heavy industrial markets. It also provides value-added services, such as spare parts, field service inspection, installation, commissioning, modification and repair, retrofit and retrofill components for existing systems, and replacement circuit breakers for switchgear. The company has operations in the United States, Canada, the Middle East, Africa, Europe, Mexico, and Central and South America. Powell Industries, Inc. was founded in 1947 and is headquartered in Houston, Texas.

Barchart Technical Indicators:

• 100% technical buy signals
• 123.30+Weighted Alpha
• 124.10% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 52.83% in the last month
• Relative Strength Index 72.25%
• Technical support level at $59.69
• Recently traded at $61.65 with 50 day moving average of $47.33

Fundamental Factors:

• Market Cap $723 million
• P/E 25.22
• Dividend yield 1.70%
• Revenue projected to grow 22.20% this year and another 4.40% next year
• Earnings estimated to increase 84.30% this year, an additional 19.80% next year and continue to compound at an annual rate of 10.00% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts gave 3 hold opinions on the stock
• Analysts price targets are between $28 and $47
• The individual investors following the stock on Motley Fool voted 98 to 14 for the stock to beat the market with the more experienced investors voting 15 to 3 for the same result
• Value Line give it their above average rating of 2
• CFRAs MarketScope gives it strong buy rating. 
• 2,840 investors monitor the stock on Seeking Alpha

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in  the next 72 hours.

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.