Utilities Staging a Come-back
Utilities have taken a major hit in the risk-on market environment we've seen lately. Last week
XLU completed a perfect 61.8% retracement of recent gains and showed a strong bounce at that key support level. I think we have an excellent buy for a swing trade at this level with a view to hold patiently for 1-3 months and take profit at all time highs.
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