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AwesomeAvani
Aug 20, 2023 4:10 AM

ARIS - A water company consistently rising LONG Long

NYSE:ARIS1D
Aris Water Solutions, Inc.NYSE

Description

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ARIS on the daily chart is consistently rising with big earnings beats both

in the past month and early May. The ZL MACD is curling up towards a cross

of lines under the low amplitude histogram. The dual time frame RS indicator

shows consistent lines above the 50 and the lower TF line in green above

the higher TF line in black. Stock is 20% higher in 3 months a decent return for

a utility stock while the market is in chaos possibly teetering on a crash.

Utility stocks are slow and steady with a low beta and lack of general market

responsiveness. I will take along stock trade here and check as to the possibilities

for a call option.
OscillatorsVolumeMoving AveragesARISwaterstocksutilitiesearningsanalysis
Comments
chartsosci
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what an awesome balance sheet. You wonder why the market doesn't reward companies like this one, given water is such a vital commodity. Great pick Avani!
AwesomeAvani
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@chartsosci, Market-like momentum and energy- this is a protected ( regulators setting consumer rates) turtle. Having a portion of these in my portfolio along with heavy dividend payers forms a solid base for other things more risky and speculative on the other side of the diversification. Will use TV or Finviz to find peer comparables and figure out which might be another pick
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