Reaves Utility Income Fund Breaks Below 200-Day Moving Average – Notable for UTG

In trading on Thursday, shares of Reaves Utility Income Fund (Symbol: UTG) crossed below their 200 day moving average of $34.48, changing hands as low as $34.31 per share. Reaves Utility Income Fund shares are currently trading off about 0.5% on the day. The chart below shows the one year performance of UTG shares, versus its 200 day moving average:

Reaves Utility Income Fund 200 Day Moving Average Chart

Looking at the chart above, UTG’s low point in its 52 week range is $30.50 per share, with $36.45 as the 52 week high point — that compares with a last trade of $34.42.

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