A beautiful, self explainatory chart. I have started a long position based on this weekly trendline (orange) being hit with high velocity, expecting a decent bounce. Disclaimer : Educational idea only. Not a financial advice. Consult your CFA for financial advice.
PG&E Corporatio n Short Term - We look to Buy at 12.25 (stop at 11.57) Price action has formed an expanding wedge formation. This is positive for sentiment and the uptrend has potential to return. Support is located at 12.00 and should stem dips to this area. Preferred trade is to buy on dips. Our profit targets will be 13.79 and 14.50 Resistance: 14.00...
The chart above is a weekly chart of the entire price history of the PHLX Utility Sector (UTY). (The PHLX part of the name is just an historical reference to the Philadelphia Stock Exchange, which is now part of the Nasdaq.) I chose this specific ticker over other utility tickers like XLU or VPU because it provides more historical data and therefore a more...
It's always about power. Utilities are eyeing all time highs. With this mornings sell off, XLU formed an inverse head and shoulders. The 162% profit target for the structure lines up perfectly with an Ascending Triangle forming on the daily and all time highs. Smash the Boost if you like these ideas. Follow for more unique content and art!
Kenon passed the zscore test in the utilities sector, This sector seems to be robust against the rise in interest rates, it is priced at the same P/E as the S&P, but is well below the valuation of other sectors. This sector is also armored against shocks from the international scenario as its sales depend mostly from local sources of income.
Duke Energy Short Term -We look to buy at 105.90 (stop at 102.26) Buying pressure from 97.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has a potential to return. Bespoke support is located at 105.50. There is scope of selling at the opening but we expect support to stem any losses. Preferred trade is to buy dips close...
Big weekly breakout from the downward trend on $WEC. This would be a utility play that corresponds to capital rotation into the sector (see $XAU1!).
SPDR Select Sector Fund - Utilities ( AMEX:XLU ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $74.25 Breakout price: $77.20 Buy Zone (Top/Bottom Range): $74.05-$71.25 Price Target: $76.60-$77.30 (1st), $82.60-$84.10 (2nd) Estimated Duration to Target: 24-25d (1st), 109-114d (2nd) Contract of Interest: $XLU...
$35 is my first target. Have a tight stop loss at 27. Must stay above 27 for it to reach $35. Chart looks bullish with consistent higher highs.
Double bottom with huge volume. Looks bullish. Higher highs. What else do you want? Jump in for a ride to 150. I would love to see a pull back towards mid 50s before it rides back up. Natural gas prices going up big time.
$14 is my first target. March was good with heavy volume. Looks bullish. It could drop before it makes a move to $14.
Utility sector has been very strong over the year. The oil price appears to go up next year and is going to push the energy sector stocks higher. The double bottom in the weekly timeframe is pushing the price higher and the symmetrical triangle is about to break to the upside.
After another ~ year & 1/2 consolidation period, it appears that Vicor may be ready to break from its wedge. A few hints that stood out in my eyes: -Bottoming stochastics on the weekly timeframe -Considerable jump in recent buyer volume -Clear break past the 0.786 fib level ($100.73), which has proved to be a formidable resistance in the past This chart and...
utilities and commodities super cycle kicking off for developing nations
reverse head and shoulders may prove defensive sector stocks may be putting in a bottom. these may do well over the weekend as pros, sm, mm, tutues, and some retail may look to these to provide value when rotation is taking money out of growth. target 33.33 and 33.97 stop loss 32.89 as this would mean a probable touch of bottom anchored vwap band after a break of...
we should still have another bull move somewhere in utilities as defensive rotation continues
A Mean-Reversion Play Power generators like NRG and PNW have been quite beaten down lately, mostly because of surging oil and natural gas prices as we head into winter. NRG is .8 standard deviations below its mean, with 82% upside to its median price multiple of the last 3 years. PNW is currently trading about 3 standard deviations below where it usually trades...
Second test of the 200 dma for the utilities and what comes next ? Obvious prior tests of 200 dma have led to nice rallies will we see the same this time ? Utilities are notoriously defensive stocks held as last resort for safety and yield My thoughts are stay patient and don't be a cowboy for now lots of stocks in this sector are showing a lot of weakness...