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Green Plains Renewable Energy(GPRE - Get Report) is a vertically integrated producer, marketer and distributer of ethanol. Green Plains operates in four segments: ethanol production, corn oil production, agribusiness and marketing and distribution segment. This stock is trading up 6.3% at $4.89 in recent trading.
Today's Range: $4.53-$4.95
52-Week Range: $3.57-$12.00
Three-Month Average Volume: 286,184
>>5 Stocks Under $10 Set to Soar
From a technical perspective, GPRE is moving sharply higher here right off some near-term support at $4.50 with decent volume. This move is quickly pushing GPRE within range of triggering a near-term breakout trade. That trade will hit once GPRE takes out some near-term overhead resistance levels at $4.89 and its 50-day moving average of $5.29 with high volume.
Traders should now look for long-biased trades once GPRE sustains a move or close above those levels with volume that's near or above 286,184 shares. At last check, GPRE has hit an intraday high of $4.96 and volume is below its three-month average action of 286,184 shares. If that breakout triggers soon, then GPRE will have a great chance of re-testing or possibly taking out its next major overhead resistance level at $6.44.