Energy Conversion Devices: Turnaround Story

Trader Mark submits:It's amazing what the right type of leadership (our country could take note) does for a company. After being a long-lost laggard, the focus on business execution over science continues to benefit  Energy Conversion Devices (ENER). Another very good earnings report, and while the stock valuation is in the stratosphere we don't worry about things like that any more - when companies trading at 10x PE for 100% growth are ignored, yet companies at 80x PE are run up, all that matters are charts. And ENER's has been fantastic for many months. We do, however, want to see a break over that mid June high of $82.50 - otherwise we could be forming quite the "double top"Back to the earnings reportComplete Story »