Investor Alley Inc.

Morning Update on Most Active Stocks: (NASDAQ: GEVO), (NASDAQ: SVU)

 

New York, NY -- (ReleaseWire) -- 01/07/2013 -- Gevo Inc. (NASDAQ: GEVO) shows neutral trend as the stock made a sharp movement in its latest trading session. It opened the session at $1.85 and remained in $1.83 and $2.22 price range during the session. The stock closed 19.78 percent higher at $2.18. Gevo’s first resistance level is at $2.59. Upon breaching this level, Gevo stock may go as high as $3.19. On the downside, its first support level is at $2.11.

The company recently announced its plan to repurchase its shares worth $15 million. It will fund the repurchase through its cash and equivalent balance. Gevo deals in biofuels and renewable chemicals.

Find out how investors could successfully trade GEVO by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=GEVO

Supervalu Inc. (NYSE: SVU) opened at $2.61 and oscillated in the range of $2.57 and $3.16 in the current trading session. It closed at $2.94, up 13.51 percent from its previous close of $2.59. Supervalu shows bullish trend and the stock’s first resistance level is at $3.17. Upon breaching this level, the stock may touch $3.27. Its first support level is at $2.90. Supervalu is rumored to be in talks with Cerebrus for a deal. Cerebrus is likely to purchase a part of Supervalu and may also purchase stake in the remaining business. The company is based out of Minnesota.

Find out more about SVU by getting the free full report here: http://www.wallstreetreport.net/market-scan/?symbol=SVU

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