Alto Ingredients Inc (ALTO)

[Weltman]

My line in the sand is the .37-.38 range which coincidentally lines up with the 50 DMA. However, staying above the 200 DMA would be preferred in order to flatten out and possibly get the 200 DMA to start inching upwards. A "Golden Cross" is much more bullish if both the 200 day and 50 day moving averages are in an uptrend. Getting the 200 DMA to start inching upwards will be difficult to do though considering how rapidly it's been declining.

A close above .39 is key for today as well b/c it means green two weeks in a row which two makes a trend imo.