Is Vertex Energy's Stock Stock About To Hit Resistance?

Markets have memories.

This means a particular level could be important for a long time. The importance may last for weeks, months, or even years.

This is why shares of Vertex Energy, Inc. VTNR may soon hit resistance.

Vertex has soared by over 500% in just one week. This was the result of an analyst upgrade and news about the company buying a refinery.

Back in June of 2014, shares staged a strong rally as well. Once they reached to $11,  sellers flooded the market. The rally ended and a sell-off followed.

There's a chance the stock runs into resistance at $11 once more. This market may have a good long-term memory.