Energy Conversion Devices (ENER) NewsBite - ENER Gets Hit With a Downgrade
Posted: Tuesday, March 09, 2010 1:29 PM EDT
By: Market Intelligence Center Staff
Energy Conversion Devices (NASDAQ: ENER) opened at $8.27. So far today, the stock has hit a low of $8.16 and a high of $8.42. ENER is now trading at $8.18, down $0.38 (-4.44%). Over the last 52 weeks the stock has ranged from a low of $7.10 to a high of $21.27. ENER shares are trading lower today after the stock was downgraded at JP Morgan to Underweight from Neutral. Technical indicators for the stock are bearish and S&P gives ENER a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on ENER the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Energy Conversion Devices (ENER) Stock ReportSee what our analysts have uncovered about Energy Conversion Devices (ENER).