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Shares of Renewable Energy Rise to a New 52-Week High

By Nick Russo

Renewable Energy (NASDAQ:REGI) traded at a new 52-week high today of $15.84. This new high was reached on below average trading volume as 184,000 shares traded hands, while the average 30-day volume is approximately 375,000 shares.

Over the past year, Renewable Energy has traded in a range of $7.90 to $15.84 and is now at $15.58, 97% above that low. The 200-day and 50-day moving averages have moved 0.34% lower and 2.37% higher over the past week, respectively.

Renewable Energy Group Inc. produces biofuels and renewable chemicals. The Company develops, distributes, sells, and provides logistics for biodiesel and renewable chemical production. Renewable Energy Group serves companies throughout the United States.

Renewable Energy (NASDAQ:REGI) is currently priced 1.6% above its average consensus analyst price target of $15.33. Renewable Energy shares have support at the 50-day moving average (MA) of $8.94 and additional support at the 200-day MA of $8.46.

SmarTrend recommended that subscribers consider buying shares of Renewable Energy on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.45. Since that recommendation, shares of Renewable Energy have risen 34.9%. We continue to monitor REGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows renewable energy

Ticker(s): REGI