Chart indicators

US utility stocks (VPU) might continue to fall. The Utilities Select Sector SDPR ETF (XLU), which represents S&P 500 utilities, is trading at a 2% discount and a 2% premium to its 50-day and 200-day moving averages, respectively. XLU trading below its 50-day simple moving average suggests weakness. Its 200-day moving average, that is $51.96, might act as a support in the short term. If it breaks below this level, XLU might see bearishness.

XLU’s RSI (relative strength index) score currently looks stable, at ~35. Technical analysts believe that if a stock’s RSI value is below 30, it is approaching “oversold,” whereas a value beyond 70 suggests it is “overbought.”

XLU: Utilities’ Indicators, Short Interest, and More

Top utilities

Utility giants NextEra Energy (NEE), Duke Energy (DUK), and Southern (SO) seem stable, with their stocks trading at a discount to their 50-day moving averages and at a fair premium to their 200-day moving averages. Analyzing these utility stocks’ chart indicators is quite important, as they make up more than 25% of XLU.

Short interest

According to a recent report, short interest in the Utilities Select Sector SPDR ETF (XLU) fell 2% on September 15, 2017. On August 31, XLU had 48.5 million total shorted shares, and on September 15, 2017, it had 47.4 million. The lower short interest might indicate that fewer investors expect XLU to fall.

Latest articles

On Tuesday, Tesla (TSLA) cut the prices of its vehicles to standardize its global car line-up, according to Reuters.

Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.

Visa stock has risen about 37% and has outperformed the S&P 500 Index so far in 2019.

16 Jul

What to Expect from Skechers’s Q2 Results

WRITTEN BY Sharon Bailey

Skechers (SKX) is set to declare its results for the second quarter after the markets close on July 18. Here's what you should know.

On Tuesday, Canadian Pacific Railway (CP) reported strong second-quarter earnings. The company's top and bottom lines touched a record mark.

16 Jul

What to Expect from Crown Castle's Q2 Results

WRITTEN BY Sushree Mohanty

Crown Castle International (CCI) is scheduled to announce its second-quarter earnings results on Wednesday after the market closes.