Hot stocks for Wednesday

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(ESLR) - Evergreen Solar is a unique solar panel company, and one of my favorite in this sector. It has found a production process, called String Ribbon manufacturing, that not only makes a more efficient solar panel, but also make it cheaper for them to produce. Evergreen Solar produces wafers, cells, and panels. On May 22nd the company signed a massive contract of $1 billion. I think that investors are underestimating the potential of this company. This company it seems cheap at this level based on fundamental and the future prospects, it could be one of the best bets for the next months. It is only an honest opinion. Technically, the stock may be ready to turn back up here. The share price is declining and the volume is declining this could be signaling the bottom of trough - a bullish signal. Plus, the technical chart shows a falling wedge formation which is usually a counter trend corrective move in a bull market. Evergreen looks very much like an oversold company that has seen its bottom and is awaiting confirmation before breaking out to higher prices. Let’s keep an eye on her.Below are the latest positives notes about the stock :

June 2 : Lehman Brothers - “The firm recommends being selective and notes companies with high exposure to Spain are CSIQ, STP, SOLF, & YGE. Companies with low exposure are ESLR and ENER “

May 30 : Cowen And Company - “The firm expects a rally in the second half of 2008 for solar stocks once revised subsidies plans are finalized in Germany and Spain. ESLR in the list “.

May 30, 2008 : Kaufman Brothers Reiterates Buy - “Expect both companies (ESLR & SPWR )to respond positively to the news (german). The firm maintained their Buy rating on stock”.

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(GRMN) help up well during the recent market correction and is now on the verge of the major resistance at $52.87. Next buy point is when the stock makes a move above the resistance at $52.87 on a close basis.

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(ZEUS) - The trend is clearly up, but getting overbought as RSI crosses 70 for the fifth time in the last few weeks. As long as RSI holds, momentum is with the bulls. A move below $60 would open the door to a correction that could see GLD pull back to $55. Stay tuned !!

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The stock is showing strength with a high volume surge over the past days. (AKS) is challenging resistance around 73 and looks poised to breakout. Let’s keep an eye on it.Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

Posted in Categories: Contributor, Eurozone, External Research, Stocks.

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