More news stories lately have been covering the issue of water shortages in various parts of the world. These shortages are impacting living conditions and agriculture as droughts can last years. Matt Damon's involvement in www.water.org is doing good work but much more is needed.
TheStreet's Action Alerts PLUS portfolio has a holding American Water Works Co. (AWK) , but let's check out the charts of a more diversified water investment, Invesco Water Resources ETF (PHO) , to see if there is an opportunity in water.
In this daily bar chart of PHO, below, I can see that prices have been in a rising trend from a low in October. Prices successfully tested the rising 200-day moving average line in March and May and now trade firmly above the rising 50-day moving average line as well as the rising 200-day line. The math-driven On-Balance-Volume (OBV) line has moved higher since October, telling me that buyers of PHO have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator has been bullish since early May.