$GPRE Long Setup Takes ShapeAfter a completed 8 Wave cycle I think we are seeing GPRE come into support ending Wave 2. Watch for the start of Wave 3 soon. I am looking to get long here with first initial price target near $23.
GPRE trade ideas
GPRE- All Looks Bullish Rest Of YearWhy does this stock look bullish?
1) It is undervalued, should be around $23.00
2) Price action is at double bottom area
3) Last three trading days, have made a Bullish Pinbar reversal pattern
4) CFO/ John W. Neppel, bought 30,000 shares on 11/6/17.
5) Major support on chart is $17.00 per share
6) Price action is under MEAN/middle of pitchfork indicator on chart
Green Plains Inc. produces, markets, and distributes ethanol in the United States and internationally. The company operates through four segments: Ethanol Production; Agribusiness and Energy Services; Food and Food Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil. The Agribusiness and Energy Services segment engages in grain handling and storage activities; and commodity marketing business, which purchases, markets, sells, and distributes ethanol, distiller grains, and corn oil, as well as crude oil, grain, natural gas, and other commodities in various markets. This segment also provides grain drying and storage services to grain producers. The Food and Food Ingredients segment purchases and sells feeder cattle to meat processors; and produces and sells white distilled vinegar and various specialty vinegar primarily to the food industry participants, including branded food companies, private label food manufacturers, and companies serving the food service channel, as well as for industrial uses. The Partnership segment provides fuel storage and transportation services. As of December 31, 2016, it owned 39 ethanol storage facilities; 8 fuel terminal facilities; and approximately 3,100 leased railcars fleet. The company was formerly known as Green Plains Renewable Energy, Inc. and changed its name to Green Plains Inc. in May 2014. Green Plains Inc. was founded in 2004 and is headquartered in Omaha, Nebraska.
Long - gpre - 30%+I like GPRE here good opportunity for 30%+, uptrend continuation Watching for a break back above 24.50 and the 50dma
GPRE - Big insider selling Possible Short from $24.00 to $14 GPRE seems forming a Long term double tap Head & shoulder formation. It also has a lot of insider selling. Aggressive trades may want to enter into Short trade now, but we would like to wait a bit for perfect entry.
* Trade Criteria *
Date first found-March 16, 2017
Pattern/Why- Long term double tap Head & shoulder
Entry Target Criteria- Break of $24 or lower
Exit Target Criteria- $14
Stop Loss Criteria- $24.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
GPRE is retraced, question is that enough ?Risky, taking a chance here.. don't doit ! This one was very difficult.. Wait for a one more Bullish Candle.. SL indicated..
GPRE — Double BottomDouble bottom. The bottoms are separated by about 2 weeks. I got in this exactly on the second turn, so up over 16% in two weeks — not too bad.
Strategy:
If it gets to the "Handle Zone" (see chart) and a turns right back up against the resistance line, I will buy more. I think that that would signifiy a breakout with nice gap at way up there at 32.37. If so, that'll be a 75 percenter for me (I got in last week, right on the turn of the cup).
The cup and handle pattern, I see only viable in this type of double bottom situation with the resistance or "supply" line as the top of the cup and handle, as a reversal when price is nearing long-term lows.
Price went up 18% last week and I can't say "sell" on it because of the amount of room on the upside.
Fundamentals:
Renewable energy is trendy.
Earnings beating consistently.
Low price/book value … 1.568.
Quarterly dividends coming at $0.08 per share.
Market sector indicators:
CL1! might've bottomed out.
BBEP went up over 20% today WOW! (and I took a 17.5% profit on that one).
CSIQ is going back up, And even TSL, too.
There is some more room on the downside, and of oil goes down to $40, we will see that. If not, there's a lot of
Keep an eye on $40.67 (RSI signals breakout upside)Another possible long position. Watch above 40.67 with target price 44.15-45 area with stop loss at 88.6% at 38.30 area. If you like it follow us more to come.
GPRE BreakoutGreen Plains Renewable Energy (GPRE) is North America's fourth largest ethanol producer, operating six ethanol plants in Indiana, Iowa, Nebraska and Tennessee. GPRE shows a Breakout signal back on July 24. and is now re-testing that breakout level. If that test is successful look for another move higher.
An important concept to keep in mind is that support and resistance are not like brick walls that crumble when you go through them, but more like elastic bands that stretch until they break. If they don't break, they may "slingshot" the market in the opposite direction.
