We have a sell recommendation today: the KraneShares Global Carbon ETF (KRBN) closed at 34.87 Monday, below our recommended sell-stop area of 35.07. Shares also traded and finished below their 40-day moving average and have shed about 10% in the past six sessions, signs that tell us it’s better to take our modest profits now. Based on our entry price of 34.23, we should exit with around 1.6% profit.
We continue to watch our latest featured stocks, Stem (STEM) and Aptiv (APTV) for the right time to buy. Aptiv in particular is looking strong, but it’s still range-bound so, for now, sit tight. Action in our other Real Money and Excelsior portfolio stocks has been fine and, while our sector is mixed, it continues to show promise in the near term. We’ll have more in our regular portfolio update, scheduled for Wednesday.
Please let me know if you have any questions or comments. You can reach me at brendan@cabot.net