Tried to buy some at 6.55, but of course, no takers.
Tried to sell some at 7.17, but again, no takers.
These swings have all been market-maker or HFT noise, mostly 100 shares on either the bid or ask. There is virtually no liquidity here.
Personally, I am not looking forward to earnings. Australia is not looking good. Hope the insiders know something we don't know.
I saw those bullish signals as well and was very much disappointed with the huge downside move yesterday. I did however add to my position at 6.8 yesterday when it touched the 50 DMA, and I got really nervous when it dropped under the 200 DMA at 6.50s earlier today.
I agree. Earnings will tell the tale now. A convincing beat and good guidance can potentially propel this stock to retest 10.
I liked the way it tested and bounced off the 200 DMA....I actually bought some for my trading account. With earnings coming up, it is a little risky but I will probably clear a few bucks before then.
Yes....there is significant resistance at the 200 DMA which provides a floor. Today the 50 DMA crossed the 300 DMA in a bullish manner. It will be interesting to see if we get above 7.88 before earnings are announced on May 5.
I agree...the Chief Counsel leaving after the successful completion of their Supreme Court appeal should be no surprise. Think about from his point of view...for the last several years he has been guiding a team of lawyers through the appellate process. Exciting business for a lawyer...for the next several years the most exciting thing on his plate at ENOC will be contract negotiations...boring business for most lawyers. At the same time, his resume now includes the successful Supreme Court appeal. I suspect this makes him a valuable commodity in the market.
When they announced their Chief Counsel is leaving the company, the stock sold off. Then, once people realized this was no big deal, it rallied back to where it had been.
The only news I saw was announcing when earnings would be released ... and so conclude this was more of a "bounce off the 200 DMA" than anything else. It also suggests the market is expecting positive earnings news in a month.
ENOC bounced off the 200 DMA quite nicely. Apparently the market thinks the risk is worth it. I suspect this means the market is hoping for better than expected earnings to lead to further rallying in this stock.
This was an interesting stock to trade but recently it has been quite boring. Will it open up again? If so when?
As I read the charts, aka, tea leaves, the 10 DMA, approximately 7.39, defines the local top. The local bottom, however is less obvious. Will it be the 200 DMA, approximately 6.78; or the 50 DMA, approximately 6.36? The 100 DMA, approximately 5.22, seems unlikely to be tested as it is rising rapidly.
The difference between the falling 10 DMA and the flat 200 DMA is about 0.60 today, i.e. about 9%. This doesn't seem adequate to justify the risk. The difference between the falling 20 DMA and the rising 50 DMA, however, is over 1.00, i.e., above 15%, which seems worthy of the risk. So my conclusion is we will test the 50 DMA before the next earnings report and probably during April. For short term traders, this would seem like a good point to buy. For longer term investors, this seems like a time to accumulate.
and on March 2, 2016, President David Brewster bought 35,500 shares @ $6.15/ share to increase his total shares to 1,239,550.
Mar 22nd, 2016
Google article title if interested, "EnerNOC, Inc. (ENOC) CEO Timothy G. Healy Purchases 8,170 Shares of Stock"
"The shares were purchased at an average price of $7.36 per share, for a total transaction of $60,131.20. Following the completion of the acquisition, the chief executive officer now directly owns 1,353,907 shares in the company, valued at $9,964,755.52."
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