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...
Playing with this chart and sharing . Using Gann Fan to try and predict a parabolic top of this bull. No garuantee there will be one but that should not stop the pursuit. Earnings in the am on the 27th of March. PEIX explosive earnings chart is the foundation for this chart. I looked for relationships between price action and 1/1 on PEIX chart to set this...
Price has consolidated here between 38 and 42 forming a very nice symmetrical pattern. I believe this counter trend move is complete and I expect a positive break with volume next week. Looking at bear candles at resistance, bearish sentiment appears to be diminishing as volume on red candles has greatly reduced. Meanwhile, bullish sentiment appears to be on the...
but I assume that the gap shall be closed before it may move up further.
This ethanol producer is on a tear lately. With corn prices low, the profit margin for REX should be up. We have a breakout with nice volume to match the fundamentals. I have added a couple Gann Fans and a cloned reference channel for possible support and resistance points. Found the chart first then this article. Emphasis on chart........ seekingalpha.com