Why does this stock look bullish?
1) It is undervalued, should be around $23.00
2) Price action is at double bottom area
3) Last three trading days, have made a Bullish Pinbar reversal pattern
4) CFO/ John W. Neppel, bought 30,000 shares on 11/6/17.
5) Major support on chart is $17.00 per share
6) Price action is under MEAN/middle of pitchfork indicator on chart
Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Food Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil. The Agribusiness and Energy Services segment engages in grain handling and storage activities; and commodity marketing business, which purchases, markets, sells, and distributes ethanol, distiller grains, and corn oil, as well as crude oil, grain, natural gas, and other commodities in various markets. This segment also provides grain drying and storage services to grain producers. The Food and Food Ingredients segment purchases and sells feeder cattle to meat processors; and produces and sells white distilled vinegar and various specialty vinegar primarily to the food industry participants, including branded food companies, private label food manufacturers, and companies serving the food service channel, as well as for industrial uses. The Partnership segment provides fuel storage and transportation services. As of December 31, 2016, it owned 39 ethanol storage facilities; 8 fuel terminal facilities; and approximately 3,100 leased railcars fleet. The company was formerly known as Green Plains Renewable Energy, Inc. and changed its name to Green Plains Inc. in May 2014. Green Plains Inc. was founded in 2004 and is headquartered in Omaha, Nebraska.
1) It is undervalued, should be around $23.00
2) Price action is at double bottom area
3) Last three trading days, have made a Bullish Pinbar reversal pattern
4) CFO/ John W. Neppel, bought 30,000 shares on 11/6/17.
5) Major support on chart is $17.00 per share
6) Price action is under MEAN/middle of pitchfork indicator on chart
Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Food Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil. The Agribusiness and Energy Services segment engages in grain handling and storage activities; and commodity marketing business, which purchases, markets, sells, and distributes ethanol, distiller grains, and corn oil, as well as crude oil, grain, natural gas, and other commodities in various markets. This segment also provides grain drying and storage services to grain producers. The Food and Food Ingredients segment purchases and sells feeder cattle to meat processors; and produces and sells white distilled vinegar and various specialty vinegar primarily to the food industry participants, including branded food companies, private label food manufacturers, and companies serving the food service channel, as well as for industrial uses. The Partnership segment provides fuel storage and transportation services. As of December 31, 2016, it owned 39 ethanol storage facilities; 8 fuel terminal facilities; and approximately 3,100 leased railcars fleet. The company was formerly known as Green Plains Renewable Energy, Inc. and changed its name to Green Plains Inc. in May 2014. Green Plains Inc. was founded in 2004 and is headquartered in Omaha, Nebraska.