Buy or Sell ENER Stock - Energy Conversion Devices (ENER)

By Tim - http://stockstobuy.org

Energy Conversion Devices (ENER) stock has been one of the top stocks in 2012. However, does the recent pullback cause me to buy or sell the stock going forward? For a full list of stock gainers in 2012, go to the following websites.

http://blackberrystocks.com/stockgainers2012.html

http://blackberrystocks.com/pennystockgainers2012.html

Energy Conversion Devices (ENER) - Buy or Sell in 2012?

Energy Conversion Devices (ENER) has been on a tear so far in 2012. I feel the company has avoided bankruptcy in the short term so Wall St. is repricing the stock. ENER stock popped from $0.20 all the way up to $1.72 but recently dropped. I have been watch the trading action closely and I know Energy Conversion Devices (ENER) bounced off $0.88 several times which produced a rally. I think it is Ok to buy ENER here keeping a stop loss order at $0.87. With the stock currently trading at $1.00, I would sell it above $1.50 on another rally.

We don't know if Energy Conversion Devices (ENER) will go bankrupt or be delisted later on in 2012. If $0.88 fails, I would look to buy at $0.60.

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ENER Stock Analysis - Energy Conversion Devices, Inc. (ENER)

Is Energy Conversion Devices, Inc. (ENER) stock a buy? Below is technical stock analysis on Energy Conversion Devices, Inc. (ENER) for September 2011.

Energy Conversion Devices, Inc. (ENER) is bouncing off the lows and has been a huge gainer lately. ENER stock has run up from $0.61 to $0.83 in just the last week alone. From a technical analysis point of view, if Energy Conversion Devices, Inc. (ENER) breaks up above $0.90 and holds, I think it can run back into the $1's. For protection, I'd keep a tight stop on this trade at $0.83. As for the long term, I think ENER is a bad buy and hold right now. Trading ENER is the way to go.

I recently highlighted Energy Conversion Devices, Inc. (ENER) in my Solar Stocks to Watch in 2012.

http://blackberrystocks.com/solarstocks2012.html

Solar Stocks 3/26/09 March 26, 2009

Today, March 26, 2009, the Solar Stocks are exploding higher following a media report that the Chinese government is open to supporting the local development of solar energy in China.

Asian technology newspaper DigiTimes said in an article Thursday that China hasn't yet designed a program or set a schedule for solar energy subsidies as costs of solar power generation are still too high. DigiTimes attributed the comments made at a Taiwan-China photovoltaic industry convention to officials from the Chinese Department of Renewable Energy.

The following Chinese Solar Stocks in are seeing the most upside:

Suntech Power Holdings (STP) - $11.39 Up 45.10%
Trina Solar Ltd. (TSL) - $12.36 Up 42.73%
Yingli Green Energy (YGE) - $5.84 Up 40.72%
LDK Solar (LDK) - $8.30 Up 40.00%
JA Solar Holdings (JASO) - $3.54 Up 33.08%
China Sunergy (CSUN) - $3.32 Up 33.01%

Other Solar Stocks:

First Solar ( FSLR )
Energy Conversion Devices ( ENER )
Canadian Solar ( CSIQ )
Solarfun ( SOLF )
Claymore/MAC Global Solar Energy ( TAN )
Akeena Solar ( AKNS )
ReneSola ( SOL )

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index

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UBS Downgrades Solar Stocks 10/28/08

This morning, UBS has downgraded the following solar stocks SPWRA, ENER, ESLR, and SOLR. These stocks were rated a Buy by UBS and now have been downgraded to Neutral.

Solar stocks have been beaten up lately and they are all set to bounce today with the markets.

ENER Analysis - Energy Conversion Devices Stock Technical Analysis

The following is Technical Analysis for Energy Conversion Devices ( ENER ) issued on 10/19/08.

Support and Resistance Levels - Energy Conversion Devices ( ENER )

Energy Conversion Devices ( ENER ) is a broken stock right now until is starts closing over moving averages such as the 10, 50, and 200 Day. Ener has support at around $34 and $29.00. Resistance is at $46.40, $49 and $50.

Remember when ENER first popped on its first quarter of reporting earnings in history back in May? ENER opened up around $42....his $41...and then took off to hit a high of $48. Also bouncing off $46.40 several times before breaking $50. A close over $50 again would be a very bullish indicator and in my opinion ENER would be back in play.

General Motors ( GM ) 10/9/08 Dow Jones

General Motors was downgraded to credit watch negative.....plunging ( GM ) shares 30% to close around $4.90 per share.

The Dow Jones Average crashed 678 points today to 8579. So what is the problem? Tons of sellers, and very little buyers. Many big funds are stuck in stocks at significantly higher prices and have been forced to sell....or when we do get a big of a rally, they sell. Today's plunge took about 45 minutes.

A sign that this would happen: Many of the European Banks sold hard into the close earlier today in the Europe markets so that gave me a hint to this happening.

We are due for a major rally off the lows.....1000 - 1500 points but where those lows will be is a good question!

I'd like to see capitulation tomorrow morning so we can finally put in a bottom. I'd like to see a major gap down..... maybe hit 8,000 on the Dow and then a stampede of buying with heavy volume. The problem is we always get these big down days and rally right after them. At this point, we need everyone to puke up stocks and that will attractive big buyers. The sooner we get this over with, the sooner we will move higher!

The Asian markets will crash tonight....you will see losses you never would have thought possible. In Asia tonight, it is Friday over there.....last day of trading for the week. They have no idea how we will trade tomorrow so it will be worse for them!

My Stock Shopping List: GOOG, AAPL, FCX, ENER, V, MA....these are the stocks I am looking at buying on the cheap.

Stock Market 9/09 Update - Stocks to Watch FSLR, LEH, AAPL

Today has been another interesting day....Lehman ( LEH ) is getting drilled, down 30%. I think this would be the last one to go and then the market can reverse for the long term. By last to go I mean, Bear Sterns ( BSC ) Fannie Mae ( FNM ) & Freddie Mac ( FRE ). If Lehman got taken over or bailed out.....the market can finally look forward instead of fearing the above companies and how it effects selling in the stocks they own. Look at GOOG, CHK, FSLR, ENER, AAPL.....these companies are getting sold off for no reason....and they do not bounce when the market goes up. These are good solid companies trade at fair valuations. Forced selling has the most to do with these stocks.

These are the stocks you will want to be trading....and when the market starts to turn, these will be your leaders as money will again flow back into them. You can add Mastercard ( MA ) and Visa ( V ) in this bunch as well.

First Solar will break back to the upside when it breaks $208......ENER when it breaks back over $56.50....keep in eye on these for some nice swing trades!