WITH A BARREL OF CRUDE OIL KISSING the $93/barrel level today, it is no wonder that alternative energy stocks have been doing quite well, too. After all, the higher oil goes, the more incentive companies have to bring competing products to market.
One look at the Powershares Wilder Hill clean energy ETF bears that out as it continues to reach new highs (see Chart 1). Clearly, it is still in a bull market but as is the case with many sectors in the market it is starting to reach an unsustainable pace. It's not the end of the rally but rather a time for a more conservative strategy and a chance to look for lagging stocks within the sector that might be ready to catch up....MORE