SYNM Chart Shows Upward Momentum

SYNM Chart

Syntroleum Corp shares rose in price 66 percent, after broker Merriman Curhan Ford gave SYNM a buy rating. SYNM shares closed at 88 cents on Wednesday afternoon and continue to move higher today reaching a intraday high today of $1.26. Before the buy rating was issued, SYNM shares had lost more than 3/4 of their value in 2007. Merriman analyst Jesse Herrick, in a message to clients, said "the company has the technology to make clean synthetic fuels and also the necessary cost structures to commercialise it through its joint venture with Tyson Foods."