Bullish Technical Alert for Gevo

Posted on 01/02/2013 by Evelyn Greenberg

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NEW YORK (AVAFIN) -- Shares of Gevo crossed above the 50-day moving average indicating a likely bullish trend. Recent trading activity signals that the shares may continue to head higher in the foreseeable future as long as the stock price remains above the moving average line. GEVO shares dramatically gained 14.92% percent to $1.81 on Wednesday with volume at 1.21M.

Moving average concepts are useful and can be applied for trading of individual stocks positions. If used properly, the averages can provide dependable entry/exit signals which are useful for stop-loss and profit taking. Moving averages should be used in combination with other indicators in order to confirm trends and price movement. Based on the recent stock price of $1.81 per share, the current support and resistance levels are $1.49 and $2.07 respectively.

Gevo is part of the basic materials sector and chemicals - major diversified industry. Historical performance shows that the stock has lost 68.89% within the last six month. The mean analyst rating for the stock is buy.

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