Reaves Utility Income Fund (NYSEAMERICAN:UTG) Shares Pass Above 50 Day Moving Average – What’s Next?

Reaves Utility Income Fund (NYSEAMERICAN:UTG - Get Free Report) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $40.61 and traded as high as $42.28. Reaves Utility Income Fund shares last traded at $42.14, with a volume of 206,402 shares trading hands. Reaves Utility Income