Friday, August 1, 2014

PEIX above $19 - a new floor?

Now that Pacific Ethanol has broke the $19 barrier, this is a fantastic sign. If it can close above the $19 barrier today it's likely going to put that in as the new floor moving forward into the 20's range.

It's held steady in the $19.00 to $19.15 range which is a great sign of resistance for it to move below $19. Now that we can see it holding and there's support to move forward, if you haven't got in yet, maybe now's the time.


No comments:

Post a Comment