PowerShares WilderHill Clean Energy (PBW)
Company
PBW 1-year chart
"The PowerShares WilderHill Clean Energy Portfolio (Fund) seeks to replicate, before fees and expenses, the WilderHill Clean Energy Index, which is designed to deliver capital appreciation through the selection of companies that focus on greener and generally renewable sources of energy and technologies that facilitate cleaner energy." (company website)
PBW 6-month chart
Buy
7-Apr-08.
- Price momentum (PPO) — increasing steadily since mid-March
- Relative strength (RSI) — increasing steadily
- Trend (ADX) — strengthening
- Volume — 4 consecutive up-days last week with increasing volume
Based on technical analysis, MarketEdge calls PBW an "early buy candidate" with "strongly improving conditions."
Sell
Bottom line-7%
27-Jun-08. I had had every intention of riding out this stormy patch in the markete, but yesterday PBW dropped below the short-term support line, and this morning it continued lower. Faced with a margin call, I had little choice but to bail. In addition to all the other concerns affecting the market, the US government imposed a moratorium on solar projects while they "assess" their impact (see sidebar). At the very time investments in alternative energy should be booming, the government seems seems hell bent on sabotaging one of the most promising.
