Stocks Analysis by Chris Kimble covering: Dow Jones Utility, The Utilities Select Sector SPDR® Fund. Read Chris Kimble's latest article on Investing.com
As you can see, the Utes have been in a rising price channel for the past 15 years. You’ll also notice this year’s white-hot rally. But the recent rally has taken the Utilities back to the 2022 highs. And this looks like significant resistance.
Will be interesting to see how white-hot Utes handle 2022 highs. Pullback or breakout ahead? Stay tuned.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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The Utilities Select Sector SPDR® Fund
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