XLU Buyers hopping in again?
The defensive utilities sector has been on a strong uptrend since 2018 as markets trembled with uncertainty and bulls threatened to buck. After some profit-taking at 65 dollars, there is reason to believe that there may be another leg up as buyers seem to be returning with bullish price actions observed last trading session.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.