Energy Conversion Devices Downward Momentum Looks to Continue (ENER)
Tuesday, March 9, 2010 - 11:09
Written on Tue, 03/09/2010 - 11:09am
By Chip Brian

SmarTrend identified a Downtrend for Energy Conversion Devices (NASDAQ:ENER) on January 22, 2010 at $10.38. In approximately 2 months, Energy Conversion Devices has returned 20.2% as of today's recent price of $8.28.
Energy Conversion Devices is currently below its 50-day moving average of $9.56 and below its 200-day moving average of $12.11. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Energy Conversion Devices.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): ENER

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