IShares Global Clean Energy ETF closed at $19.07 after making its largest single-day jump

IShares Global Clean Energy ETF jumps by 3.08% (57 cents), its largest single-day gain since Jan 31.

IShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 50 day Simple Moving Average at $19.16, a potential indicator of a newly emerging bullish phase. On the other hand, note that after reaching the known resistance zone beginning at $19.34, iShares Global Clean Energy ETF price action retreated approximately 27 cents.

Overall, looking at the technical analysis landscape, it seems iShares Global Clean Energy ETF might continue pointing upwards in the short term.

IShares Global Clean Energy ETF shows positive signs, other assets are also on par: NextEra Energy is trading around $77.96 after ending Friday's session at $76.1 (up 2.44% today).

At the same time, after ending Friday's session at $182.94, Diageo lost $4.72 and is trading around $178.22. After ending Friday's session at $87.89, Alibaba lost $2.55 and is trading around $85.34.

IShares Global Clean Energy ETF is now trading 21.64% below the significant high of $23.61 it set around 9 months ago.