ENER Solar Stock Jumps Nearly 360% In One Week
This article is posted by Stock Analyzer here from “Super Nova Alerts”
Energy Conversion Devices (NASDAQ:ENER)
By now many of you have noticed the extreme move on some of these beaten down solar stocks which are now trading at a fraction of their costs from early 2011. One small cap stock in particular ENER has shown amazing gains over the past week or two as the price per share has jumped from $.30 to a high of $1.39 today.
It wasn’t too long ago when traders frowned upon solar stocks as many small cap solars hit 52 week lows at 2011 wound down. As of late solar companies such as JASO, HSOL and ENER are making huge leaps as their share prices double and in this case triple very quickly.
One of the main reasons for ENER large price jump is because of their recent interest payment which they had previously deferred. Since that time ENER has gained over $1.00 per share and is now setting its sights on a new six month high.
Technical experts from the Super Nova Alerts discuss upcoming resistance on ENER to be $1.50 followed by $1.65 but cautions traders about a large downside as support on this solar stock is down near $36 to $.40 cents per share.
If you would like to know more about ENER, JASO or HSOL please feel free to check out Super Nova Alerts at your own leisure.
Stock Analyzer
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Post Written By: Super Nova
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