MBII (Marrone Bio Innovations, Inc) will trigger a long entry on a breakout above the 0.85 resistance level with a first target zone around the 1.00-1.06 resistance area and a second target just below the 1.33 support. As a sub $1 stock (i.e.- penny stock), this should be considered an aggressive trade idea with above-average gain and loss potential. As always, one should pass on trade ideas that do not mesh with their unique risk-tolerance, trading style, & objectives. Daily chart below.
MBII daily March 15th