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Rentech(RTK - Get Report) is a provider of clean energy solutions. Rentech owns and operates a nitrogen fertilizer plant in East Dubuque, Ill., that manufactures and sells natural gas-based nitrogen fertilizer products within the corn-belt region in the U.S. This stock is trading up 6.4% at $2.21 in recent trading.
Today's Range: $2.08-$2.22
52-Week Range: $0.72-$2.22
Volume: 1.8 million
Three-Month Average Volume: 2.25 million
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From a technical perspective, RTK is ripping higher today on decent volume. This move is quickly pushing RTK within range of triggering a major breakout trade. That trade will hit once RTK takes out some near-term overhead resistance at $2.22 with high-volume.
Traders should now look for long-biased trades once RTK sustains a move and close over $2.22 with volume that's near or above 2.25 million shares. If we get that action soon, look for RTK to make a run at $3 or higher in the near future.