Sunday, January 21, 2018

Trade Opportunity in the Utilities Sector?

XLU Utilities ETF Stock Chart Technical Analysis

Reviewing my recent $IBM call that I posted in October, the stock recently hit my target of $168 before pulling back due to earnings. The good news is I have found another good risk to reward ratio trade, that I will be sharing in the next paragraph!

The utility sector has pulled back 10% from its recent highs, based on my proprietary analysis, it is worth purchasing stock (not options!) in $XLU ETF, at this price. If the trade goes wrong or takes longer than expected a quarterly dividend will help a bit.