Green Plains Renewable Energy Inc (GPRE) In New Breakout Zone

Green Plains Renewable Energy Inc. (NASDAQ: GPRE) climbed 18% to $17.10 by early afternoon trading, after the company returned to producing profits. The ethanol producer, Green Plain Renewable Energy Inc. (GPRE), earned 91 cents a share in the Q4, compared with a loss of 8 cents a year earlier.

Green Plain Renewable Energy Inc. (GPRE) has already reached a breakout level by scaling a new 52 week high following its results. The strong movement today followed with high volumes is signaling towards the possibility that Green Plain Renewable Energy Inc. (GPRE) may reach close to around $20 following the current breakout.