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.
Full article: 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.
Pacific Ethanol Inc (NASDAQ:PEIX)
Started by
Costa
, Sep 10 2015 12:53 AM
No replies to this topic
#1
Posted 10 September 2015 - 12:53 AM
Costa
AC Investor Blog Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.
AC Investor Blog Keep up to date by subscribing AC Investor Blog newsletter or RSS feed. You may wish to also follow me on Twitter.