Smart Stock Pick - GPRE

Shares of Green Plains Renewable Energy(GPRE) have been on a long downtrend since February of this year. The stock went from $17 down to just $8 recently. The market still still very weak and no one knows exactly when and which stock is a good time to jump in. Based on recent movement it looks like investors should take a shot at GPRE.

The insider transactions show very bullish sign as all transactions in August have been buys with price ranging from $8.26 to $9.19. The total amount purchased is around $85,000 which show strong support of the company. The August buy reverse the insider sell trend in July.

The company's financial is strong as the recent financial report show strong result with net income jumping from $0.6 million to $8.7 million while revenue almost doubled from $284 million to $453 million. Despite weak margin for ethanol players, the company is focusing on maintain margin and reduce cost and should remain profitable - a great sign for long term play.

The technical chart shows the stock has reverse the downtrend in mid August and is now on an uptrend. The stock has plenty of upside and shouldn't go down much further as it established a support at $8.