The Traderszone Network

Published in TZ Latest News 7 May, 2014 by The TZ Newswire Staff

Equal-Weight Utilities ETF (RYU) Hits All-Time Closing High

The Utilities sector in general has been doing well with price traveling higher and higher within a rising trend channel since mid-March. In the past few weeks, price did falter and break slightly below the trend channel, but it has recuperated and it stayed above its 20-EMA. The PMO during that time turned down and generated a PMO Crossover SELL signal when it crossed below its EMA. Today the PMO turned up as price moved back into the channel.

read more