Clean Energy (CLNE)

[trade2much]

Hi Whas - no didn't catch it. Very nice gap up. KUDOS to those rode it. It is very nice for a change. Watch continued volumes vs the 6 month daily average that is almost always some clue to trending and that is what is needed.

Ultimately it will fill most likely, like most gaps, but who knows when for sure. You are apt to get some profit taking as is normal near term after a gap up but that can occur anywhere between intraday an 5days if it is going to happen, so watch and white knuckle for a bit, but if you have flipping profits consider taking part to lock them in, if the low and the high of next session are both lower than Friday's low and high, imho at least.

The short % of float will be interesting to watch over the next few months. Decrease is good, but tough to read with just one data point 4th Qtr. CLNE needs a few consecutive quarters of positive results and not just as a consequence of tax credits, as this was, and will be for 2015. If that happens it will be a trend imho, lord knows it has been beaten for a long time.

Ref:

http://www.thestreet.com/story/13061651/1/clean-energy-fuels-clne-stock-is-up-today-on-earnings-beat.html?puc=yahoo&cm_ven=YAHOO

Note the chart and indicator elasticity, normally when indicators shoot up sharply at 90 degrees, they will have some unless you get trend info soon.
Wish I could be of more help but I am now looking for a trend reversal rather than a pop.

BOL Buddy