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Friday, January 12, 2007 

PEIX shares jump 3% after upgrade

Chart courtesy of stockcharts.com

Shares of Pacific Ethanol "PEIX" rose today more than 3% to 15.32$ after Banc of America upgraded stock from Sell to Neutral, lifting his target price to $14 from $13. This movement did not convince me due to the fact that the volume was weak for an upgrade, however the technical chart are showing some improvement by the indicators MACD and RSI, but I'm still cautions.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!



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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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