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XLU: What Top Utilities’ Chart Indicators Suggest

Vincent Kruger
XLU: What Top Utilities’ Chart Indicators Suggest

Currently, the Utilities Select Sector SPDR ETF (XLU) is trading at $54.11—marginally above its 50-day and 4% above its 200-day simple moving average, respectively. The premium to both of these support levels highlights the strength in XLU. The levels around $53.77 and $51.87 could act as a support for XLU in short term.