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XLU: Where Utility Stocks Might Go from Here

Vincent Kruger
XLU: Where Utility Stocks Might Go from Here

Currently, the Utilities ETF (XLU) is trading 1% below its 50-day and 3% above its 200-day moving average levels. XLU took the support of its 200-day moving average level of ~$51.17 last week. Going forward, XLU’s 50-day moving average level close to $53.35 is expected to act as a resistance for the ETF. XLU closed at $52.65 last week.