PEIX Does it AGAIN

About 2 weeks back I posted on the initial move of PEIX higher and said to take a look at buying PEIX on a pullback to the area of its 10-day moving average, it pulled back to that area and has since been on a rampage higher, around 18% today alone and  about 90% since the pullback and all of that in less then 5 days!

The post came before the red square and the red square is the pullback to the 10 day moving average area (yellow moving average). I know some of you had bought PEIX in that area, it may be time to consider taking some profit off the table as it is nearly a double in a week, you could even pull your original investment and just let the profits run on a trailing stop.

The next pullback and target area to consider a buy will be around the blue 22 day moving average, maybe just a bit shy of it.

If you need a trailing stop let me know, but I would certainly consider taking some profits.