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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http://daytradingstockblog.blogspot.com

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

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.