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ESLR None

New Long Plays

Evergreen Solar - ESLR - cls: 15.70 chg: +0.68 stop: 14.65

Company Description:
Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. (source: company press release or website)

Why We Like It:
If you're looking for a little excitement try the solar stocks. Investors have gone crazy for many of the solar energy-related stocks this year. They've been a very volatile bunch. Due to the big intraday swings we're labeling this an aggressive, high-risk play. Bulls have been buying dips near ESLR's rising 10-dma so we're suggesting a stop just under the 10-dma. The stock appears to have significant resistance in the $17.50-18.00 range. We're suggesting long positions now and we'll target a move to $17.45. That should be good for an 11% gain. The P&F chart is much more bullish with a $36 target.

Picked on December 18 at $15.70
Change since picked: + 0.00
Earnings Date 02/14/08 (unconfirmed)
Average Daily Volume: 5.7 million
 

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