AI
Thursday, January 12, 2017 11:43:19 AM
Would you gamble on that? LOL Looking at most Ethanol related shares, they all trade a lot alike.
So they all might be close to their 50 DMA (I didn't check) however, it also proves they are reacting all to the factors. Might be oil, might be something else, but whatever is driving them, isn't having exact the same support or resistance like the individual stocks would have. So if something would make that move up. PEIX would move along and if something would make that move down...PEIX would move further down also. PEIX is not trading by itself at this time, others are pulling the strings of what happens.
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