PEIX typically has been joined at the hip with another small sized Ethanol producer BIOF. PEIX has decoupled itself from BIOF since November and now moves independent of BIOF. The corn corp supply and prices have been favourable to PEIX. PEIX has a significant amount of shorted shares that may become pinched when the stock reports earnings on FEB 26th.
Technical Indicators to watch
* 20 EMA which has remained unbroken/undefeated since early December when it crossed above the 50 EMA
@NYSEDAYTRADERS
Technical Indicators to watch
* 20 EMA which has remained unbroken/undefeated since early December when it crossed above the 50 EMA
@NYSEDAYTRADERS