Be a Utility Player With XLU

The Utilities Select Sector SPDR Fund  (XLU) moved up to a new high yesterday. Impressive.

In this daily bar chart of XLU, below, we can see a large reversal pattern from September through February. Prices started to rally with more urgency in late February. During March, April and most of May the XLU traded sideways in a narrow range before moving up to a new high this week. Prices traded through the 50-day moving average line earlier this month but the slope of the average line stayed positive and now the XLU is back above this indicator of trend. The 200-day moving average line is now turning up again....197 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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