The Two Utes

Utilities has broken out today and has been in a nice uptrend since late May.  This could signal a sector rotation in more defensive stocks.  But looking at XLU it is clear that it has broken out and if there is more a rotation to defensive stocks there is more upside for this sector. .

Notice each time XLU breaks out of it's pennant it starts another move up. This new move should be at least another point up.

There are other stocks within this sector that have similar patterns.

TE

POM

CPN- This one looks really nice if it breaks out!