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Utilities Sector Flashes Oversold Signal: What it Means for Your ETF in the Next 3 Days

Utilities Sector Flashes Oversold Signal: What it Means for Your ETF in the Next 3 Days
Andy Lee · pexels

The utilities sector is currently exhibiting an "oversold" signal, a technical indicator suggesting that recent selling pressure may have been excessive. This development is directly linked to the diminishing appeal of utility dividends as Treasury yields…