A Healthy Breakout

March 26th, 2014
in contributors

Look At This Stock - VTNR

by Jeff Pierce, Zentrader

This low volume stock could be one to watch as it ran up before earnings and after releasing them today it's held it's ground. I like this breakout with the strong move and if you are one to trade lower volume equities then this could be for you.

Follow up:

I'm using an intraday 60 minute chart to show that even though it's corrected off the highs in what would seem like a big move, it's really not. What this stock is doing is correcting intraday and removing any real overbought state during the trading session. I actually think based on how it's trading it's already corrected enough intraday that this could keep going higher. If it does have one more push lower then I think $5.50 could be the low before it moves higher.


Editor's note: Wednesday (26 March) saw a dip to $5.75 and a close at $5.92.

From Yahoo Finance:

Vertex Energy, Inc., an environmental services company, provides a range of services designed to aggregate, process, and recycle industrial and commercial waste streams, as well as off specification commercial chemical products.

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