Cowen is out positive on Energy Conversion Devices, Inc. [[ENER]] saying they expect Q4 EPS to meet or beat our 20c ENER estimate (vs. St. 16c), based on revenue and margin upside, with operating expenses (ex. restructuring) below consensus. Continue reading…
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Joined Jan 27, 2008
7,405 Blog Posts
Double Top?
http://finviz.com/publish/082608/ENER1dl1110.png
possible.
But, if it breaks that high, BTFO.
On ENER
It seems the short term traders don’t want to be caught too long going into earnings, buying 75-76 selling 78-79
The bulls however should win this round finding it too hard to resist buying ahead of what’s setting up to be an explosive move through 80. Odds seem to favor holding some into numbers even at the 80 level. A MOMO move toward par could ensue on better than expected.