Double bottom. The bottoms are separated by about 2 weeks. I got in this exactly on the second turn, so up over 16% in two weeks — not too bad.
Strategy:
If it gets to the "Handle Zone" (see chart) and a turns right back up against the resistance line, I will buy more. I think that that would signifiy a breakout with nice gap at way up there at 32.37. If so,...
Another possible long position. Watch above 40.67 with target price 44.15-45 area with stop loss at 88.6% at 38.30 area. If you like it follow us more to come.
Sooner or later someone who is hold a short in GPRE will come to the realization that they made a bad bet.
Tremendous pressure will be brought bear on to squeeze these shorts all the way up to $39 a share. Another thing to not lose sight of is the all time trading high of 63.50. There is very little resistance holding the stock back. A short squeeze will...
Looks like a prime short candidate starting to show divergence in RSI/MFI as it stretches over $30. Most aggressive analysts have PT at aggressive @ ~$27 and management have sold some of their stock into the rally. Amazing rally to say the least, But $30 might be a mental profit taking area for many longs.
Green Plains Renewable Energy (GPRE) is North America's fourth largest ethanol producer, operating six ethanol plants in Indiana, Iowa, Nebraska and Tennessee. GPRE shows a Breakout signal back on July 24. and is now re-testing that breakout level. If that test is successful look for another move higher.
An important concept to keep in mind is that support and...
