STOCK BUY SIGNAL TRIGGERED: VTNR @02/28/2023
| Ticker | VTNR, Vertex Energy, Inc. | Note |
| Last Price | 9.47 | |
| Buy | 9.47 | Limit Order This is generated by our mechanical trading system. Please read the chart section for more detailed and flexible entry options. |
| Target | 10.42 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 8.01 | |
| Reward/Risk | .65 : 1 | Reward Vs Risk ratio is not very good, So need to get out if it is fake breakout. |
More Technical Status
| ATR | 0.54 | |
| Beta | 2.11 | |
| RSI(14) | 71.67 | |
| SMA20 | 22.68% | Distance to SMA20 |
| SMA50 | 36.36% | Distance to SMA50 |
| Recommendation | 2.20 | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. VTNR is one of them. Let’s take a look at this stock’s chart.
VTNR looks like made a nice break out today. However, make sure to pay attention on $8.98 – $9.00 level. If we do see any weakness, we should get out if it is a fake breakout. If $9.00 level hold, then it could go to $12 level, which will give about 30% gain.
