Stock Markets Analysis and Opinion

Utilities Have Broken Trend Line

10/06/2022

Less than a minute

2022.10.06 20:48

Utilities Have Broken Trend Line

www.investing.com/analysis/dow-utilities-has-broken-its-trend-line-200630755

Utilities Have Broken Trend Line

By Tim Knight | 5 hours ago (Oct 06, 2022 02:51PM ET)

Tim Knight

I notice that the Dow Utilities (Utilities Select Sector SPDR® Fund (NYSE:XLU) has broken its long-term trend line. That seems like a fairly big deal.

XLU Chart.

Here is the same index all the way back to the financial crisis low.

Long-Term XLU Chart.

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10/06/2022

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