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