PEIX - Pacific Ethanol, Inc. (NASDAQ Stock)

[greencat]

PEIX made a higher low and the indicators are turning up. This is a little tricky. Draw your trendline from the prior highs. That is the trendline it needs to break and hold. Needs to break the 200MA and head for the 250SMA.

Pacific Ethanol, Inc.
400 Capitol Mall
Suite 2060
Sacramento, CA 95814
United States - Map
Phone: 916-403-2123
Fax: 916-446-3937
Web Site: Pacific Ethanol | Home

DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Specialty Chemicals
Full Time Employees: 150


BUSINESS SUMMARY
Pacific Ethanol, Inc. produces and sells ethanol and its co-products in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho, and Washington. It also provides transportation, storage, and delivery of ethanol through third-party service providers. The company’s co-products include wet distillers grains. It sells ethanol to gasoline refining and distribution companies, and wet distillers grains to dairy operators and animal feed distributors. The company was founded in 2003 and is headquartered in Sacramento, California.

[greencat]

I bought some peix today. Nice set-up and I believe it will make a nice move..

Originally Posted by greencat

PEIX made a higher low and the indicators are turning up. This is a little tricky. Draw your trendline from the prior highs. That is the trendline it needs to break and hold. Needs to break the 200MA and head for the 250SMA.

Pacific Ethanol, Inc.
400 Capitol Mall
Suite 2060
Sacramento, CA 95814
United States - Map
Phone: 916-403-2123
Fax: 916-446-3937
Web Site: Pacific Ethanol | Home

DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Specialty Chemicals
Full Time Employees: 150


BUSINESS SUMMARY
Pacific Ethanol, Inc. produces and sells ethanol and its co-products in the western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho, and Washington. It also provides transportation, storage, and delivery of ethanol through third-party service providers. The company’s co-products include wet distillers grains. It sells ethanol to gasoline refining and distribution companies, and wet distillers grains to dairy operators and animal feed distributors. The company was founded in 2003 and is headquartered in Sacramento, California.

[greencat]

I got out with a little profit and I see this report.



Pacific Ethanol may be delisted by Nasdaq

Last Modified: Wednesday, Sep. 23, 2009 - 8:03 am
Sacramento ethanol producer Pacific Ethanol Inc. is not in compliance with the minimum standard to be listed on the Nasdaq stock market.

The company said it received a notification letter from Nasdaq on Sept. 15.

Pacific Ethanol has 180 days – until March 14 – to meet the minimum bid price of $1 per share for 10 consecutive days, or face possible delisting.

The company, which put most of its operations into Chapter 11 bankruptcy protection in May, has struggled with declining market prices.

Company shares closed Tuesday at 53 cents, down 4 cents for the day.

[greencat]

PEIX has a pennant pattern. It has a good chance of making another move up.

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[greencat]

Originally Posted by greencat

PEIX has a pennant pattern. It has a good chance of making another move up.

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Umm pattern looks familiar. It broke out of this pattern once before for a nice gain. Round 2 anyone?

[greencat]

PEIX trying to rebound. Possible cup pattern in the making.

[greencat]

PEIX making a cup pattern and I am looking for it to move up to resistance at $1.00

[greencat]

Originally Posted by greencat

PEIX making a cup pattern and I am looking for it to move up to resistance at $1.00

PEIX moving close to resistance. I am looking for PEIX to make a handle pattern and then make anothe move up.

[missionsman1]

High $1.17 so far with over 4 million traded!

[greencat]

Originally Posted by missionsman1

High $1.17 so far with over 4 million traded!

PEIX has made a very nice move. May be moving into an iverted head and shoulders pattern. Not a buy area until a pullback..