Utilities Sector Update

Written by MrStockFox. Posted in Trade Ideas

You can view my original post here.

Since my original post the XLU has broken its flag consolidation to the downside.  The XLU may find some support in this area, but I expect the downtrend to continue.  I added a longer term trendline that wasn't on my original post where the XLU may put in a bottom.  I may decide to add some shares around 41.50-42.00 at this trendline.

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