Xethanol Corporation (XTHN.ob)

For the past several days, stocks in the ethanol sector have been very bearish. With crude oil prices rising above $72.50 and Iran's recent oil threat, one would think that this speculation will once again rise these stocks as they have been doing for the past couple months. Well, this is not the case as exemplified by today's ethanol index results:
SymbolLast TradeChangeVolumeMarket Cap
ADM41.84 4:01PM ETUp 0.34 (0.82%)4,457,70027.38B
ANDE95.44 4:00PM ETDown 5.48 (5.43%)948,919725.25M
GPRE38.00 2:57PM ETUp 0.02 (0.04%)7,700164.16M
GSHF.OB0.207 3:59PM ETDown 0.018 (8.00%)791,15322.18M
MGPI26.85 4:00PM ETDown 0.64 (2.33%)422,259433.60M
OTD1.32 3:59PM ETDown 0.10 (7.04%)461,40095.65M
PEIX25.63 4:00PM ETDown 1.15 (4.29%)3,397,801805.99M
STKL8.97 3:59PM ETDown 0.46 (4.88%)576,970510.52M
VRDM.OB0.09 3:59PM ETDown 0.02 (16.67%)10,255,10622.48M
XTHN.OB9.82 3:59PM ETUp 0.07 (0.72%)158,390258.47M
Get a snapshot of today's market action in Market Overview
Not is all bad. Looking into my index, I find it that investors can find XTHN.ob to be optimistic from a technical analysis standpoint. It is one of the few that survived today's decline, and has been in the green for the past week:
The image “http://ichart.finance.yahoo.com/z?s=XTHN.OB&t=5d&q=l&l=on&z=m&c=PEIX,ADM,ANDE,GSHF.OB,MGPI,OTD,VRDM.OB&a=v&p=s” cannot be displayed, because it contains errors.

But most importantly I want to point out that in the recent days, XTHN.ob has formed a firm support level at around 9.40, at least we know this stock is not collapsing:


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