Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5972
    -0.0004 (-0.07%)
     
  • NZD/EUR

    0.5533
    -0.0000 (-0.01%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • NZD/JPY

    90.3050
    -0.0880 (-0.10%)
     

Where US Utility Stocks Might Go from Here

Where US Utility Stocks Might Go from Here

US utility stocks have been in recovery mode for the last few weeks. So far, there hasn’t been a significant strength. The Utilities Select Sector SPDR ETF (XLU) is trading 2% above its 50-day moving average and 4% below its 200-day moving average level. XLU’s 50-day moving average level around $49.6 is expected to act as a support for XLU in the short term. Currently, XLU is trading at $50.4.