A subsequent pullback saw the price bounce off that breakout level, which also lined up with the 50-day moving average.
This is a sector full of low-volatility, high yielding stocks that have often provided downside protection in down market phases.
ES just broke to a new three-month high this week, and the stock features a dividend yield around 4.5%.
When the broad market averages take a bearish turn, equity investors are often best served by getting defensive.
These three stocks feature improving technical profiles, along with dividend yields well above the average for the S & P 500.
Persons:
Philip Morris, BTI, Eversource, we've, David Keller
Organizations:
American Tobacco PLC, Eversource Energy, Eversource, Nasdaq, CMT, CNBC, NBC UNIVERSAL
Locations:
U.S, British American