Utility Sector Makes New High, Overbought (XLU)

|
 |  About: Utilities Select Sector SPDR ETF (XLU)
by: David Fry

I’m still wondering what the rise to new highs means for XLU (Utility Sector ETF), writes David Fry, founder and publisher of The ETF Digest. All I know is it just made a new high and is much overbought. There must be a helluva lot of merger activities about to unfold.

Utility ETF chart

« Any opinions expressed on the Seeking Alpha sites are those of the individual authors and do not necessarily represent the opinion of SeekingAlpha or its management. »