Pacific Ethanol Hits 3-Week High On Sector Upgrade

Fri. July 18, 2008; Posted: 11:11 AM

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(RTTNews) - Following an ethanol sector upgrade by UBS, shares of Pacific Ethanol, Inc. (PEIX | Quote | Chart | News | PowerRating) gapped open higher on Friday and have been climbing in stages since then.

The stock is currently at $2.22 up $0.33 from Thursday's close.

The advance has lifted the stock over recent resistance and to its highest level in over three weeks.

For full details on Pacific Ethanol Inc (PEIX) click here. Pacific Ethanol Inc (PEIX) has Short Term PowerRatings of 5. Details on Pacific Ethanol Inc (PEIX) Short Term PowerRatings is available at This Link.

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