
With no changes to any of the iShares models this week, we look at the iShares US Utilities ETF (IDU).
There are no changes to any of the iShares models this week. Utilities have been one of the best performing sectors in the S&P this year and currently rank fourth in the DALI sector rankings. After successfully testing its bullish support line during the April sell-off, the iShares US Utilities ETF (IDU) returned to a buy signal late last month at $102, then subsequently broke a spread quadruple top at $104, taking out resistance that had been in place since January. The fund now sits within striking distance of its all-time high but remains in actionable territory on its 10-week trading band with a weekly overbought/oversold (OBOS) reading of 14.5%. The fund has recently found support at $97, while its bullish support line now sits at $95.
IDU currently has a favorable 4.84 fund score, which is 0.51 points better than the average for all utilities funds, and a positive 0.98 score direction. Year-to-date (through 5/14) IDU has gained 5.55% on a price return basis, outperforming the S&P 500 (SPX) by more than 5%. IDUE also carries a 2.3% yield.