iShares European Utilities: fresh short signal, but the picture calls for caution

The iShares STOXX Europe 600 Utilities ETF receives a fresh sell signal in its first week, ranked 15th among 57 short signals for EU-UK stocks, with signal strength at just 30 out of 100. Our model flags trading as not recommended: the asset still trades 30% above its 200-week moving average, conditions that make opening a new short position high-risk per our parameters.