Today's Chart of the Day belongs to the Global Carbon ETN (GRN) offered by Barclay's. I found this ETN by using Barchart to sort Top 100 ETFs and ETNs first for the highest Weighted Alpha then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in 12/22 the ETN gained 63.44%.
The iPath Global Carbon ETN is designed to provide investors with exposure to the Barclays Global Carbon Index Total Return (the Index). The Index is designed to measure the performance of the most liquid carbon-related credit plans. Each carbon-related credit plan included in the Index is represented by the most liquid instrument available in the marketplace. The Index expects to incorporate new carbon-related credit plans as they develop around the world.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
Fundamental factors:
