Utility stocks see surge in new uptrends

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-10-22 at 13:15:00 CST

Corporate insiders at utility companies have backed off any major selling pressure, a good thing since the prices of many of these stocks continue to recover. After a complete washout as recently as mid-May, now more than 80% of these stocks are above their 200-day moving averages.

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