Evergreen Solar (ESLR) Downgrade Alert, Watch for 10.4% Technical Downtrend Continuation
Tuesday, March 9, 2010 - 09:52
Written on Tue, 03/09/2010 - 9:52am
By Chip Brian

Evergreen Solar (NASDAQ:ESLR) downgraded to Neutral from Overweight, $5 target, at JP Morgan. The stock closed yesterday at $1.29 on volume of 2,731,799 shares, below average daily volume of 3,255,010.
Evergreen Solar is currently below its 50-day moving average of $1.44 and below its 200-day moving average of $1.75.
SmarTrend is bearish on shares of ESLR and our subscribers received a Downtrend alert on February 03, 2010 at $1.44, which has returned 10.4% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): ESLR

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.