Pre-market trend | Dominion Energy (D) surged nearly 10% on 5/18, can the rebound continue?

Yesterday, Dominion Energy's stock price surged by 9.44% to close at $67.56, breaking through multiple short-term moving averages. The 5-day and 10-day moving averages both turned upward, quickly forming a short-term bullish arrangement. On the daily MACD level, the bullish signal was re-established above the zero line, indicating that buying power is not just a short-term impulse but is further increasing based on a medium-term bullish trend. In terms of trading volume, the day's transaction amount reached $2.7 billion, far exceeding the recent average level, with a remarkable influx of funds, presenting a typical right-side volume expansion pattern. On the news front, the utility sector has recently been favored by risk-averse funds. Against the backdrop of intensified selling in the global bond market and the 10-year Japanese government bond yield reaching a 30-year high, market risk aversion has increased, and utility stocks, with their high dividends and defensive attributes, have become a "safe haven" for funds. As a leading player in various utilities, Dominion Energy naturally benefits from this logic. Additionally, Goldman Sachs' latest research report points out that interest rate cut expectations continue to shift, but AI-driven productivity improvements are becoming a new macro support variable, which means an expectation of long-term operating cost improvements for capital-intensive utility companies. From a technical perspective, the current stock price has risen above the previous dense trading area around $68, which was previously a resistance zone; once effectively broken, it will turn into support. The intraday high yesterday reached $68.97, and the low was $66.45, with a fluctuation of over 3.6%, showing that after fierce competition between bulls and bears in the key area, the bulls gained the upper hand