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[Costa]

Pacific Ethanol Inc (NASDAQ:PEIX) was up some 6% today. Two days ago this stock was trading at 32 cents a share, today it hit a high of $0398 and closed at $.382. It will be interesting to see, if PEIX continues its rally next week. Once 0.398 breaks, the next resistances to watch are 0.418 followed by 0.43. Initial support can be seen at 0.34-0.342. The stock still trading strong volume with indicators moving up. Looking at the technical indicators we have MACD above zero line and RSI above 50, indicating the stock is in a bullish trend.