Rex American Resources Corporation is a company engaged in the production and sale of ethanol and its co-products. They operate through their subsidiaries, which include ethanol production facilities, grain elevators, and a refined coal operation. Rex American Resources Corporation plays a significant role in the renewable energy sector by producing ethanol, a clean-burning fuel additive.

The technical analysis of Rex American Resources Corporation indicates a positive trend. The stock has resolved higher from a basing pattern, which suggests a period of consolidation and accumulation. This breakout from the basing pattern indicates a shift in sentiment and an increase in buying interest.

As a result, the stock has been trending higher, reflecting a series of higher highs and higher lows. This upward trend indicates a positive bias and suggests that the stock has the potential for further price appreciation.

Investors should closely monitor the stock's performance and consider the implications of the resolved basing pattern. This technical analysis suggests a favorable outlook for Rex American Resources Corporation.