Utilities stocks have come back after a sudden surge


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-06-22 at 11:05:00 CDT

Earlier in June, utilities stocks enjoyed a surge that pushed all of them above their 50-day moving averages. That has since cooled and now less than a third of them are above average. The entire time, no more than 60% of them managed to climb above their 200-day averages. A similar surge-then-pause is seen in the McClellan Oscillator for the sector.


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