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Utilities Still Underperforming

09/18/2009 9:42 am EST


Thomas Aspray

, Professional Trader & Analyst

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The utility stocks have gotten some attention this week as some investors have become more defensive. The Dow Jones Utilities average is testing major resistance in the 390-400 area as the longer-term uptrend has held. The RS line is in a solid downtrend, indicating the utilities are still underperforming the S&P 500.

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