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Ener1 Inc (HEV) Quietly Breaking Out
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.
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