![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, March 19, 2019 11:57:41 AM
The Utilities Select Sector SPDR Fund (NYSEARCA:XLU) has been on an amazing run higher since December 26, 2018. It should be noted that when interest rates decline the utility stocks will generally move higher and that is exactly what has occurred. On December 26, 2018 the popular XLU traded as low as $50.81 a share before breaking out to new 52 week highs. On March 14, 2019 the XLU traded as high as $58.74 a share before staging a minor pullback. Today, the XLU is trading around the $57.55 level. Traders and investors can easily see that the trend is up on the XLU and that another pullback in the ETF is a likely buying opportunity. At this time, the $55.00 area looks like solid daily chart support. This is where the 50 and 100-day moving averages are currently. This level should be defended when initially tested. The only thing that could disrupt the XLU trend would be higher interest rates and that is highly unlikely to occur at this time.
![](http://www.inthemoneystocks.com/images/XLU%203.19.19.png)
Nick Santiago
InTheMoneyStocks
FEATURED BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • Jul 2, 2024 7:19 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM