IDU Crosses Below Key Moving Average Level

Shares of the iShares U.S. Utilities ETF (IDU) fell below their 200-day moving average of $112.64, trading as low as $112.02 and down about 1% on the day. The move is a technical bearish signal rather than a fundamental change, suggesting near-term weakness in the ETF's price trend.

Analysis

Shares of the iShares U.S. Utilities ETF (IDU) fell below their 200-day moving average of $112.64, trading as low as $112.02 and down about 1% on the day. The move is a technical bearish signal rather than a fundamental change, suggesting near-term weakness in the ETF's price trend.