U.S. Markets closed

Top Utility Stocks Trade in the ‘Overbought’ Zone

Vincent Kruger
Top Utility Stocks Trade in the ‘Overbought’ Zone

Utility stocks continued to rise last week. The Utilities Select Sector SPDR ETF (XLU) hit a new 52-week high and closed at $61.0 last week. Utility stocks have shown a slow but steady rally in 2019.