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Pacific Ethanol Rising on Above-Average Volume, Consistent With Trend (PEIX)

By Shiri Gupta

Pacific Ethanol's stock is up 7.4% to $6.93 on heavy trading volume. About 1.2 million shares have been traded today, as compared to the 30-day average volume of 588,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Pacific Ethanol on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.03. Since that recommendation, shares of Pacific Ethanol have risen 7.1%. We continue to monitor PEIX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Pacific Ethanol share prices have moved between a 52-week high of $13.70 and a 52-week low of $2.41 and are now trading 180% above that low price at $6.74 per share. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has advanced 1.5%.

Keywords: unusual volume pacific ethanol

Ticker(s): PEIX