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Pacific Ethanol Bullish Moving Average Crossover Alert (PEIX)

By Shiri Gupta

Pacific Ethanol (NASDAQ:PEIX) shares have crossed bullishly above their 10-day moving average of $6.11 on a volume of 894K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Pacific Ethanol has traded in a range of $4.64 to $10.95 and is now at $6.22, 34% above that low. The 200-day and 50-day moving averages have moved 1.73% lower and 1.49% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Pacific Ethanol on March 16th, 2017 by issuing a Downtrend alert when the shares were trading at $6.73. Since that call, shares of Pacific Ethanol have fallen 15.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses pacific ethanol

Ticker(s): PEIX