Energy Conversion Devices (ENER) NewsBite - One of Today's Top Gainers

Posted: Tuesday, November 03, 2009 2:36 PM EDT

Energy Conversion Devices (ENER) leads the list of top gainers so far today and is now at $11.81, up $1.23 (11.58%) on volume of 2,677,940 shares traded. Over the last 52 weeks the stock has ranged from a low of $10.14 to a high of $45.13. Energy Conversion Devices stock has been showing support around $10.17 and resistance in the $11.07 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 November out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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