02/27 – 03/03 Utilities

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As you see in the XLU daily chart ultilities closed above 51. See if they hold and watch for follow through to 52.75.

But in spite of this, we are extended from the 9day EMA, so we need to be patient trading utilities stocks.In case of gapping up on monday above 52.75  or in another day after clearing this level, we may see a move down in that day as we move further in overbought area, so don’t take too much size playing this sector.In case if bears build up power and broke 51 see if they hold 9 EMA or next level – 49.50.

Electric Utilities : 

  • Strong Stocks : AEP, GXP, DUK , NEE, EIX, OGE, ETR , PPL ,EXC ..
  • Weak Stocks : WR.

Multi-Utilities : 

  • Strong Stocks : AEE, SRE, CMS, CNP, DTE, NII, PEG.
  • Weak Stocks : SCG.

Independent Power and Renewable Electricity Producers : 

  • Strong Stocks : NRG.
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