The Chart of the Day belongs to Middlesex Water (Nasdaq: MSEX), I found the water distribution stock by using Barchart to sort today's All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better. Next I used the Flipchart feature to review the charts.

Middlesex Water Company treats, stores and distributes water for residential, commercial, industrial and fire prevention purposes.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 14 new highs and up 9.67% in the last month
• Relative Strength Index 68.49%
• Technical support level at 38.91
• Recently traded at 40.62 with a 50 day moving average of 36.74

Fundamental factors:

• Market Cap $659.67 million
• P/E 30.73
• Dividend yield 2.01%
• Revenue expected to grow 1.60% this year and another 2.30% next year
• Earnings estimated to increase at an annual rate of 2.70% for the next 5 years
• Wall Street is not following this stock yet but the contributors on Motley Fool voted 62 to 8 that he stock will beat the market