Delving into NYSE:MWA's high Growth Prospects.

Our stock screener has identified MUELLER WATER PRODUCTS INC-A (NYSE:MWA) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:MWA.

Deciphering the Technical Picture of NYSE:MWA

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to MWA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MWA is showing a nice and steady performance.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, MWA did better than 91% of all other stocks. We also observe that the gains produced by MWA over the past year are nicely spread over this period.
• MWA is one of the better performing stocks in the Machinery industry, it outperforms 88% of 132 stocks in the same industry.
• MWA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MWA is lagging the market slightly.
• In the last month MWA has a been trading in the 24.00 - 26.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

For an up to date full technical analysis you can check the technical report of MWA

How do we evaluate the setup for NYSE:MWA?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:MWA has a 7 as its setup rating:

MWA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.68. Right above this resistance zone may be a good entry point.

What matters for high growth investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), MUELLER WATER PRODUCTS INC-A highlights its ability to generate increasing profitability, showcasing a 15.79% growth.
• Over the past 3 months, analysts have adjusted their EPS Estimate for MUELLER WATER PRODUCTS INC-A with a 28.89% change. This highlights the evolving outlook on the company's EPS potential.
• In the most recent financial report, MUELLER WATER PRODUCTS INC-A reported a 15.79% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• With a favorable trend in its operating margin over the past year, MUELLER WATER PRODUCTS INC-A demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• With positive growth in its free cash flow (FCF) over the past year, MUELLER WATER PRODUCTS INC-A showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• MUELLER WATER PRODUCTS INC-A exhibits a strong Return on Equity (ROE) of 14.31%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• MUELLER WATER PRODUCTS INC-A exhibits a favorable Debt-to-Equity ratio at 0.55. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• MUELLER WATER PRODUCTS INC-A has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• The Relative Strength (RS) of MUELLER WATER PRODUCTS INC-A has consistently been strong, with a current 91.82 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. MUELLER WATER PRODUCTS INC-A demonstrates promising potential for sustained price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.