CRAK is Smoking Hot… and Short-Term Overbought. Here’s the Next Hot Energy Trade, Plus 3 Curated Watchlists to Research.

Crude Oil Refiners ETF CRAK has been recently characterized as a hot and overbought asset, according to a recent report. The report also highlights a possible opportunity in the energy sector, specifically in virtual power plants (VPPs). These plants allow homeowners with solar panels, EV batteries, or generators to sell electricity back to the grid during peak demand.

Companies like Generac (GNRC) and Sunrun (RUN) could benefit from this trend. The report suggests tracking the Barchart watchlists for further research on this theme.