Seeking Relative Strength in Utilities

The best way that I know to find potential trades in an upset market is to zero in on those sectors that show relative strength, then drill down and find the best stocks within them. I prefer stocks that have shown good relative strength during the recent drubbing or which have retraced to support (on an intermediate-term basis) with lighter volume. I also want some sign that the buyers coming back into the stock are for real.

Yesterday I was searching through the utility sector for potential buys on the coming small retrace that I expect to occur in the near future. I came up with four names from that sector, but only the first one fits into the category of holding up well during the recent market spill. That company is Connecticut Water Service (CTWS), and here's its chart....359 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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