The weekly does not look good. look how much further the still has to get below zero! Look at the OBV. It is down. This is not good stuff.
Same story for the monthly chart. We a lot further to go.
I know many have speculated that tax reform and regulatory relief will help utilities. It has and it might! However, I think the declining dollar, rising oil prices, rising and investors thrust for growth stocks will all be serious headwinds.
Alas, i do not trade on fundamentals. I trade on the trend. The trend is down for this stock.