REX hit a 52-week high after an analyst upgrade. Was this enough to justify a
12% increase in a nonvolatile business, the ethanol production business to support
its addition to gasoline to combat air pollution and so global warming. Production
and so revenue is not accelerating although it may be a bit seasonal during the
summer driving and vacation season. On...
Bullish on break above $81.00, alert set. Target $90.
RSI approaching resistance,attempt to make higher high.
Low price resistance above $81.
Very strong momentum channel.
200ma support, 50&100ma's turned bullish.
P/E ratio 27
Average analysts price target $94 | buy
Company profile
REX American Resources Corp. is a holding company, which engages in the...
The past price action of this stock is what I look when I am searching for a candidate for short selling, not because the Dow drops 1,100 points
I can select any company name and short sell the stock.
The key here is that the price had problems with the 100 resistance area in two occasions (In the more recent past) December 2016 and between May and August 2017...
