Will REX revert to the mean ?
REX hit a 52-week high after an analyst upgrade. Was this enough to justify a
12% increase in a nonvolatile business, the ethanol production business to support
its addition to gasoline to combat air pollution and so global warming. Production
and so revenue is not accelerating although it may be a bit seasonal during the
summer driving and vacation season. On the daily chart, RE put in a massive bullish
bar with wicking above the third upper Bolliger Band set at 2.618 ( Fib level) standard
deviations. REX did this on 5/25 and then dropped. I see it doing the same thing again.
This demonstrates the version to the mean or "rubber-band" concept. I will stock trade
REX short and look at the mid- October put options.
12% increase in a nonvolatile business, the ethanol production business to support
its addition to gasoline to combat air pollution and so global warming. Production
and so revenue is not accelerating although it may be a bit seasonal during the
summer driving and vacation season. On the daily chart, RE put in a massive bullish
bar with wicking above the third upper Bolliger Band set at 2.618 ( Fib level) standard
deviations. REX did this on 5/25 and then dropped. I see it doing the same thing again.
This demonstrates the version to the mean or "rubber-band" concept. I will stock trade
REX short and look at the mid- October put options.
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