Sector Watch -Utilities
Sector Technicals
Utilities (UTY)
Neutral Sector trading above its…
20-day Moving Average: YES
50-day Moving Average: YES
100-day Moving Average: YES
Sentiment:The Schaeffer’s put/call open interest ratio (SOIR) percentile rank for the Utilities HOLDRs (UTH – 128.78) remains near its lowest level of the past year (translation: optimistic). Fund flows into the utility sector have been strong, indicating that the general investing public is perhaps becoming too optimistic toward these stocks.
Outlook:UTH is languishing at its recent highs and beginning to appear a bit tired, as investors are finding other less defensive areas more attractive. Yet optimism remains strong. We remain cautious in light of the growing optimism. Thus, we retain a neutral rating.

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