SEE MORE: Utilities ETFs Keep Rising
“DVY is off recent highs, but we’re looking at a drop of less than 4% from those highs. The technical picture here is similar to what we would see if we examined REITs or utilities. The current trading channel could very well be a bullish flag, but if you are buying a breakout, you should be on your hands until $87 is broken,” according to TheStreet.
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iShares Select Dividend ETF
Tom Lydon’s clients own shares of DVY.