Up 45% in the past year, this little-known stock proves it pays to be green

• Clean Harbors (CLH) is up 45% over the past year.

• Shares are trading at new all-time highs and have strong technical momentum.

• CLH maintains Barchart’s 100% “Buy” rating.

• Analyst sentiment is bullish with price targets as high as $412, although Morningstar sees CLH as 9% overvalued at current levels.

Valued at $15.72 billion, Clean Harbors ( CLH ) is a leading provider of environmental, energy and industrial services in North America. It operates a large number of hazardous waste incinerators, landfills and treatment, storage and disposal facilities.

Clean Harbors offers a wide range of services such as end-to-end hazardous waste management, emergency response, industrial cleaning and maintenance, and recycling services. The company is also the largest refiner and recycler of used oil globally and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers in North America.

I found today’s chart by using Barchart’s powerful screening functions to sort out stocks with high technical buy signals; Excellent current movement in both strength and direction; and a trend-seeking “buy” signal. I then used Barchart’s flipchart feature to review the charts for consistent price appreciation. CLH checks these boxes. Since the trend seeker issued a new “Buy” rating on Dec. 2, shares have climbed 22.85%.

Editor’s note: The technical indicators below are updated live every 20 minutes during the session and therefore can change daily as the market changes. Therefore the indicators shown below may not match what you see live on the Barchart.com website when you read this report. These technical indicators form a bar chart view on a particular stock.

Clean Harbors hit a high of $298.12 on March 3.

• Clean Harbors has a weighted alpha of +53.61.

• CLH has a 100% “Buy” rating from Barchart.

• The stock has grown 45.69% over the past 52 weeks.

• Clean Harbors has its own trend-seeking “buy” signal.

• The stock recently traded at $293.89 with a 50-day moving average of $262.48.

• CLH made 11 new highs and rose 12.38% in the past month.

• The Relative Strength Index (RSI) is at 70.84.

• The technical support rate is around $290.11.

• $15.72 billion market capitalization.

• 40.8x trailing price-earnings ratio.

• Revenue is expected to grow 3.14% this year and 4.54% next year.

• Earnings are expected to increase by 11.53% this year and 13.04% next year.

• Wall Street analysts tracked by Barchart gave the stock 7 “strong buy”, 1 “moderate buy” and 6 “moderate buy” opinions, with price targets between $240 and $320.

• The value line rates the stock “highest” with price targets between $221 and $412 with a midpoint of $316.

• CFRA MarketScope rates the stock a “buy” with a price target of $315.

• Morningstar thinks the stock is 9% overvalued with a fair value of $270.56.

• 798 investors following the stock at Motley Fool think it will beat the market while 114 think it won’t.

• 6,890 investors follow the stock at SearchAlpha, which gives it a “Hold” rating.

• Short interest is 2.01% of float with 2.21 days to cover float.

The value line, analysts, and individual investors are still good, and Clean Harbors’ value hasn’t expanded as much.

Additional Disclosure: A daily bar chart indicates stocks that are experiencing abnormal current price appreciation. They are not for purchase recommendations as these stocks are highly volatile and speculative. If you decide to add one of these stocks to your investment portfolio it is highly recommended that you follow a predetermined diversification and exposure to losses that is consistent with your personal investment risk tolerance.

As of the date of publication, Jim Van Meerten had no positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. This article was originally published on Barchart.com