Fortis Inc T.FTS.PR.I

Deeply oversold

[Vega1357]

FTS is deeply oversold with an RSI of less than 20. It looks attractive not only for the long term but also for short term appreciate when the oversold condition is relieved.

[Tommy123]

This post has been removed in accordance with Community Policy

[johnathamilton]

Anyone arguing rising rates are a fundamental reason for the price drop are not looking to the past year. A year ago rates were higher as was the share price. While the change in the rates is cause for less enthusiasm over utilities, I think year over year comparisons show that this stock should be trading much higher. However, I have learned a long time ago, that as smart as I think I am, or

[Shadow1973]

Well, as Vega would say, "I'm out"! I hold FTS and other utilities in my dividend ETFs and will leave it at that.

[Vega1357]

Utility stocks aren't dropping because of rising interest rates but rather the fear of higher inflation and rising rates down the road. I think these fears are ill founded myself, but they are out there nonetheless.