Invest in stock stock like NGG will give you exporesure on utilities sector , this stock has low beta and it pays 4.79% dividend 60*4.79%=2.874 and with growth potential , i did a quick valuation on this stock and i got the fair value of this stock is around 80~ which matches my target profit using technical analysis
Since the 2010 rally NGG has inverted its Volume distribution pattern.
VPOC was low near 40's, and has thickened up considerably in the 70's region to build out it's profile and migrate Value higher.
Yes, Value has migrated higher, implying that the market accepts higher prices for NGG.
It is down trending now, but a look at the entire profile since 2010 shows...
I can't show higher timeframe weekly count in TView for same post, but the lows right now are in momentum alignment with a 4th wave matching a 2nd wave from 2010.
Could possibly be forming a Bullish Leading Diagonal (which unfortunately will look corrective in character in the Bullish direction). So just wait for a strong pop above, say 60, because it should be...