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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC... More
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  • Trade Alert: ENOC Breaking Out  0 comments
    May 17, 2011 9:00 AM | about stocks: ENOC

    HedgeFundLIVE–

    ENOC

    EnerNOC (ENOC), the company that develops and provides clean and intelligent power solutions to commercial, institutional and industrial customers is up 22% today after being upgraded by Credit Suisse.   Looking at the chart above you can see the name is really starting to break out and although a huge move today I think the stock may still have momentum.

    1)  ENOC is breaking out today on significant volume, already doing 3x it’s day day average.

    2)  ENOC is still down 14.5% for the year and there could be significant room to the upside.

    3)  I have upside targets at 21.82 and 24.95.

    4) ENOC is showing tremendous momentum, rallying over a dollar since I started writing this blog.

    Keep an eye on this one into the close and the next few days.  I think we could see a slight pullback over the next few days just because of profit taking but the pullback will be bought and ENOC will resolve itself higher.

    COME JOIN OUR LIVE BROADCAST MON-FRI 8AM – 5PM AT HEDGEFUNDLIVE.COM. PICK A CHANNEL AND GET CONNECTED. 
    Themes: trading, stocks Stocks: ENOC
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