Loading ...Utility Stocks Topping
FWIW, if anyone really cares, Utility Stocks have begun the move into their next IC Low.
The first chart shows the price action over the past 7 months and has a Fib retrace so pick your level. The second is a 2 year showing the price channels with blue arrows showing Intermediate Cycle Lows.
Again, the current move into an IC Low is just starting. Are TLT and the Utes foreshadowing a rate increase or at least the expectations of one? Time will Tell 🙂
Yup. REITs as well.
My work doesn’t support the idea that yields have made their final lows, but these are always tough to chart (all total return issues are, for me).
I care…. I have been long AWK from the low 40s. It has been feeling like the time to get out.
Cash, AWK pays a fairly low dividend of under 2% where most Utilities are dividend / yield plays in the 3.5% to 4.5% range.
AWK has not broken any trendiness yet but has had a couple of sharp down days.
Yes, I know. When I bought it the dividend was over 3 percent. It just keeps going higher.