Looking at the chart below, it’s clear that the XLU has formed a nice base from which to extend higher. Provided that it sustains a break through $36.65, the XLU should push to and above $37.00.
Trade safe, trade disciplined.
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Utilities (XLU) chart as of October 3, 2012. XLU price chart with Fibonacci retracements and price targets. XLU technical analysis.
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