Friday, December 07, 2007

Utility Stocks Update



On November 20th I spoke about how I felt the Utility stocks were about to breakout. As you can see in the above chart, the utility index has indeed broken out to new highs and has had a very nice two week rally. I sold about half my long position today in the close and I'll hold the rest. I think there might be more room left to the upside.. I'll use a trailing stop for the remainder of my long position.

1 comment:

onlimoney said...

Beautiful Blog ! You can Discussing and Earn Stock Market at http://www.onlimoney.com

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites