Jump to content
  • Sign Up
×
×
  • Create New...

Dow Jones Utilities Rally Testing 2022 Highs – Pullback or Breakout Ahead?

Pelican Press

By Pelican Press,
in World News

 Share

Recommended Posts

  • Diamond Member
Pelican Press Warlord

Pelican Press 0

Posted
  • Diamond Member
Posted

This is the hidden content, please

Dow Jones Utilities Rally Testing 2022 Highs – Pullback or Breakout Ahead?

Utilities (NYSE:) stocks have been surging higher this year.

Once thought of as a ************* hedge-like allocation for investors, Utilities have been performing like tech stocks of late.

Can this rally continue?

Today, we draw your attention to a long-term “monthly” price chart of the  to highlight a potential fork in the road.

As you can see, the Utes have been in a rising price channel (up-trend) for the past 15 years. You’ll also notice this year’s white-hot rally. But the recent rally has taken the Utilities back to the 2022 highs. And this looks like significant resistance.

Will be interesting to see how white-hot Utes handle 2022 highs. Pullback or breakout ahead? Stay tuned.




This is the hidden content, please

#Dow #Jones #Utilities #Rally #Testing #Highs #Pullback #Breakout #Ahead

This is the hidden content, please

This is the hidden content, please

0

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • Vote for the server

    To vote for this server you must login.

    Jim Carrey Flirting GIF

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.

  I accept