Utilities went from being the best-performing sector in 2014, to the worst-performing sector so far in 2015. But according to one technician's chart work, the space is setting up for a strong bounce.
"The utilities are a great way to take advantage of today's low interest rates," said Evercore ISI's head of technical analysis, Rich Ross, on Tuesday's "Trading Nation." Much of the past year's outperformance in the utilities has been driven by low Treasury yields. And Ross is looking at the pullback in the PHLX Utility Sector ETF, ticker symbol UTY, for opportunity to buy.