Energy Conversion Devices (ENER) NewsBite - ENER Downgraded By Piper Jaffray
Posted: Thursday, August 06, 2009 1:48 PM EDT
By: Market Intelligence Center Staff
Energy Conversion Devices (ENER) was downgraded today by analysts at Piper Jaffray and the stock is now at $13.62, down $0.72 (-5.02%) on volume of 1,618,804 shares traded. The analysts downgraded the stock to Underweight from Neutral. Over the last 52 weeks the stock has ranged from a low of $11.83 to a high of $83.20. Energy Conversion Devices stock has been showing support around $13.85 and resistance in the $14.97 range. Technical indicators for the stock are neutral and S&P gives ENER a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ENER the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 16 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).