Energy Conversion (ENER) Downgrade Alert, Watch for 24.1% Technical Downtrend Continuation
Tuesday, March 9, 2010 - 09:52
Written on Tue, 03/09/2010 - 9:52am
By Chip Brian

Energy Conversion (NASDAQ:ENER) downgraded to Underweight from Neutral, $6 target, at JP Morgan. The stock closed yesterday at $7.88 on volume of 1,277,532 shares, below average daily volume of 2,647,250.
Energy Conversion Devices is currently below its 50-day moving average of $9.56 and below its 200-day moving average of $12.11.
SmarTrend is bearish on shares of ENER and our subscribers received a Downtrend alert on January 22, 2010 at $10.38, which has returned 24.1% to date.

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

Ticker(s): ENER

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