Alto Ingredients Inc (ALTO)

[Harry Winston]

Turnarounds, in both directions for any stock, happen when there's a big majority of positive or negative opinion about that stock, but it's interesting that the most consistent bearish opinions take place when the price has already bottomed. Likewise, the most consistent bullish opinions take place when the price has already peaked.

The overwhelming sell opinion for PEIX has been moderating since their recent price near $1.50 per share. Notice that the dips in late January, April, and July were followed by rallies that didn't go higher than the trading price prior to the dip. Today's high price just above $2/share went higher than the high point a month ago and is thus a sign that the turnaround is permanent.

Here's another sign. The 20-day Moving Average is now going up. If the 50-day Moving Average goes up as well, that will be an even bigger sign of bullishness.

These are just signs, but good ones, confirmed by the trading price.