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Clean Energy Fuels Set to Possibly Rebound After Yesterday's Selloff of 2.88%
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Clean Energy Fuels (NASDAQ:CLNE) traded in a range yesterday that spanned from a low of $16.60 to a high of $17.85. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $15.80 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of Clean Energy Fuels on October 21st, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.61. Since that recommendation, shares of Clean Energy Fuels have risen 49.8%. We continue to monitor CLNE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Clean Energy Fuels have traded between a low of $9.02 and a high of $17.85 and are now at $16.85, which is 87% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 1.86% higher over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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