Investing.com investing.com 05 Jan, 2021 02:30 am

ESG Flows Drive Clean Energy To Fresh Highs

ESG Flows Drive Clean Energy To Fresh Highs
Stocks Analysis by Chris Vermeulen covering: Starbucks Corporation, Energy Select Sector SPDR® Fund. Read Chris Vermeulen's latest article on Investing.com

These ETFs have generated bullish chart patterns that point to much higher prices following their recent breakouts.Momentum is positive as the MACD (moving average convergence divergence) histogram is printing in positive territory with an upward sloping trajectory which points to higher prices.Momentum is positive as the MACD (moving average convergence divergence) histogram is printing in positive territory with an upward sloping trajectory, which points to higher prices.Support is seen near the 10-week moving average of $71.

Fund flows into this space have been relentless, helping to drive the clean energy sector to fresh highs.This is positive news for clean energy ETFs.

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