Gevo (GEVO) is a renewable chemicals and advanced biofuels company. Gevo is focused on the development and commercialization of alternatives to petroleum-based products. This stock is trading up 15% at $10.26 in recent trading.
Today's Volume: 295,000Average Volume: 127,458 Volume % Change: 171% From a technical perspective, GEVO briefly traded above its 200-day moving average of $10.61 today and within range of a major breakout level on high-volume. Traders should now watch for GEVO to trigger a big breakout if it can manage to take out some overhead resistance at $11.29 with volume. Look for volume on a move over $11.29 that's near of well above 127,458 shares. If we get that action soon, then GEVO could spike big towards $16 in the very near future. Gevo was also featured recently in "7 Undervalued IPO Stocks That Could Rebound in 2012."
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