Jun 14, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
EnerNOC (NASDAQ:ENOC) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $12.90 on volume of 294,000 shares, below average daily volume of 396,000. EnerNOC, Inc. develops and provides clean and intelligent power solutions to commercial, institutional and industrial customers, as well as electric power grid operators and utilities. The Company, through its network centers remotely manages electricity consumption across a network of end-use customer sites.
EnerNOC share prices have moved between a 52-week high of $22.38 and a 52-week low of $5.41 and closed yesterday at 138% above that low price at $12.90 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has risen 0.4%.
EnerNOC (NASDAQ:ENOC) has potential upside of 43.8% based on a current price of $12.90 and analysts' consensus price target of $18.56. The stock should find initial resistance at its 200-day moving average (MA) of $14.26 and further resistance at its 50-day MA of $16.20.
SmarTrend recommended that its subscribers protect gains by selling shares of EnerNOC on May 28th, 2013 by issuing a Downtrend alert when the shares were trading at $15.55. Since that call, shares of EnerNOC have fallen 17.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time