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Analyzing the Chart Indicators of Top Utility Stocks

Vincent Kruger
Analyzing the Chart Indicators of Top Utility Stocks

With notable weakness last week, the Utilities Select Sector SPDR ETF (XLU) has fallen below its 50-day moving average level. Its 200-day moving average level of ~$51.2 is likely to act as a vital support for it in the short term. XLU closed at $53.06 last week.