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Clean Energy Starting To Look a Bit Dirty: Shorting CLNE

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November 14, 2012 – Comments (0) | RELATED TICKERS: CLNE

Clean Energy Fuels (CLNE) Offering a Favorable Risk/Reward Setup

I've taken a short trade in CLNE at $12.88. The stock has a higher level of risk from the stand point of holding it overnight, as it has had the tendency to gap some of late. However, this stock is running slap-dab right into resistance at around the $13 level as you can see below. My stop is at 13.45 which gives me about 4% for a stop-loss, which is about the max I'm willing to go. 

You'll see that a lot of this stock's movement is off of Cramer's pumping of this stock  and a few other favorable articles, but once that pump subsides, it should make a nice move lower. 

Here's the short setup that I took in CLNE.

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