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XLU and PCG: Analyzing Utility Stocks’ Chart Indicators

Vincent Kruger
XLU and PCG: Analyzing Utility Stocks’ Chart Indicators

Recently, utility stocks (VPU) continued to trade strong. The Utilities Select Sector SPDR ETF (XLU), which represents the S&P 500 Utilities, is trading at $54.88—more than 2% and 6% above its 50-day and 200-day moving average levels, respectively. The premium to both of these support levels highlights the strength in XLU. The moving average levels around $53.76 and $51.74 could act as a support for XLU in the short term.