Ener1 Inc (HEV) Quietly Breaking Out

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11:37:28 am on October 2, 2008

While the rest of the green energy market crumbles along with the general market, there are a few green stocks quietly showing strong technical action.  One such company is Ener1 (HEV), the maker of lithium batteries for electric cars.  A few days ago it broke out of a double bottom base and is now forming a handle as volume levels indicate good demand for the stock.  A breakout from the handle above 8.50 and a breakout above all time highs at around 9 would be very bullish. 

Disclaimer: I have no position in HEV.  It is a highly speculative stock and the current analysis is not a recommendation to buy or sell..please do your own research and trade based on your own tolerance for risk.

hev_ener1100208

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