Renewable Energy Group, Inc. produces and sells biofuels and renewable chemicals in the U.S. It operates through Biomass-Based Diesel, Services, Renewable Chemicals, and Corporate and Other segments. It produces biomass-based diesel from a range of feedstocks, including inedible corn oil, used cooking oil, soybean oil, canola oil, and inedible animal fat. This segment is also involved in the purchase and resale of biomass-based diesel, petroleum-based diesel, renewable identification numbers, and raw material feedstocks acquired from third parties; and sale of glycerin, free fatty acids, naphtha, and other co-products of the biomass-based diesel production process. The Services segment provides facility management and operational services to biomass-based diesel production facilities, as well as to other clean-tech companies. This segment also offers construction management services for biomass-based diesel production facilities. REG is committed to being a long-term leader in bio-based fuel and chemicals.
STAGE 2/ 20WKS/ 1% FROM RES/ 39 ABOVE MOVING AVERAGE
Has been in consolidation and tested resistance 3x
Buy if breaks out at 63.31 w/ tight stop at 56.
Educational: This is not intended as trading advice
STAGE 2/ 20WKS/ 1% FROM RES/ 39 ABOVE MOVING AVERAGE
Has been in consolidation and tested resistance 3x
Buy if breaks out at 63.31 w/ tight stop at 56.
Educational: This is not intended as trading advice
Comment:
Place a buy stop limit order at 63.51; it wicked up and touched my limit order and fell back into the trading range. Sould have given it a little more breakout room for a momentum trade... Sold at 58.82 took early exit ...
Comment:
Still in trading range.
Comment:
re-entered on breakout 65.71 stop 58.04