Clean Energy Catches a Bid

$PBW

The PBW 0.00%↑ has been grinding upwards for the past month or so. An AVWAP from December of last year, where the ETF pivoted and began a descent lower is pictured on the chart above. Price has crossed above that point of interest, and the arrow highlights the volume spike. There are several touchpoints around $22 going back to January of this year, which provide a downside stop. That would make a move even just towards the February highs an attractive risk reward from here.