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What XLU’s Current Chart Indicators and Short Interest Suggest

Vincent Kruger
What XLU’s Current Chart Indicators and Short Interest Suggest

The Utilities Select Sector SPDR ETF (XLU), which is currently at $53.73, is trading 2% above its 50-day moving average and 5% above its 200-day moving average. These moving averages at $52.50 and $51.40, respectively, are expected to act as a support for XLU in the near term. Last week, XLU’s moving averages showcased a “golden cross” pattern, which is a bullish signal.