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Enphase Energy, Inc. (ENPH) Message Board

  • sfnssie sfnssie May 7, 2014 11:03 AM Flag

    Looks to be setting up for an upside move

    Looks to be setting up for an upside move. Technical strong buy at stoxline website with the $9.23 target price in six months.

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    • I think we need to move back over $8.40 again before shorts start getting nervous enough to start covering again. We need to see independent retail buyers and a few funds moving in, and analyst upgrades like Magoo suggests could trigger the hedge funds to start covering. Third Point owns a ton, and really likes Enphase, and there was significant covering yesterday down around $7.03. I'm thinking we'll get a two or three day run starting Wednesday that may take us up past $9.50 again by Friday. From there we bounce back and forth between $9 and $10 at least until August when Q2 is reported. This stock has a great story behind it, and upgrades will get it noticed. It's undervalued at the moment, so a short covering panic could push it quickly over $14. The trio of conferences this month might trigger it.

      Sentiment: Strong Buy

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