www.SCOTtrends.com Play of the Week: Evergreen Solar (ESLR) LONG - 21% return in two days!!!

This play was posted Tuesday, April 12, 2011 at scottrends.com:

"Buy trigger for (ESLR) is above 1.36 adding more above

1.50 for a trade up to 2.00. 2nd target is at 2.50.

Small caps may start to run if nothing else is moving

so look for volume start to kick in gear. Keep a stop at

1.25"

Green is good!!!  We were ahead of the curve on the news that China's Energy Research Institute is calling for the Government to double solar plans set for 2015 following Fukushima incident.  This play was based purely on the technical setup that we saw, but it appears that this news may have helped give it a jumpstart.

While the stock has not yet hit our first target of 2.00, we remain bullish and hold this stock in our portfolio.

 
(ESLR)

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