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MBII First Price Target Hit for a Quick 23% Profit

MBII (Marrone Bio Innovations, Inc) has hit the first target, 1.35, for a 22.7% gain in just over 3 hours since the entry posted earlier today. As is often the case, the stock immediately pulled back on the initial tag of this first target level.  T2 at 1.76 remains the final target for now. MBII illustrates the explosive nature & above average returns (that go hand-in-hand with above average loss potential) of relatively thinly traded, low prices stocks. Previous & updated daily charts:

 

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Feb 18, 2016 1:44pm|Categories: Completed Trades - Long|Tags: |Comments Off on MBII First Price Target Hit for a Quick 23% Profit