SELECT SECTOR SPDR UTILITIES ETF- XLU
Monthly chart shows resistance at the 1.500 fib level with the high made in December 2007. Moving average ribbons remain intact. The current high was made with regular divergence in the CCI momentum indicator.
Weekly chart shows the bulls were in control during last week's trading activity. No clear signal as price is in a small consolidation range.
Daily chart shows the bulls were in control of Friday's trading session. Look to next week to see if they can hold their lead.
Sunday, February 17, 2008
Utility Sector Analysis for 02.17.2008
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