Pacific Ethanol Inc (NASDAQ:PEIX) is in the beginning stages of a Breakout. The stock finally broke the downtrend line that had been in place since May, which could spark a momentous rally. Technical indicators are supporting the bulls. The MACD is rising and above the signal line and RSI is moving up. In addition, the CMF is also turning up which means there is more money flowing into the stock, all early positive signals. I think we will see some nice follow through tomorrow. This was a $13 stock less than 5 months ago.
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Stocks to Watch for September 10, 2015
PS : U.S. ethanol exports rebounded strongly in July, according to RFA analysis of government data released last week, rising 28% from June to 77.2 million gallons, so keep PEIX on your watch list going forward.
