|Day Low/High||13.78 / 14.48|
|52 Wk Low/High||2.07 / 13.35|
Breadth is running very poor -- at more than 2 to 1 negative.
Investors eyeing a purchase of Energy Recovery Inc stock, but tentative about paying the going market price of $16.04/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the May 2017 put at the $12.50 strike, which has a bid at the time of this writing of $1.00.
We are seeing lower lows in the indices as I write.
Energy Recovery (ERII) stock was added to the 'conviction list' at Iberia Capital on Tuesday and was initiated with a 'buy' rating at Evercore.
The end of the quarter is approaching and might impact action in individual names.
I'm even staying away from the appealing stocks.
If the market is looking to correct, election worries are a convenient excuse.
Meanwhile, I continue to hold long-term favorites like Energy Recovery, TPI Composites and Aratana.
Cramer will be monitoring earnings and the Federal Reserve next week.
I may have to use an index play to get more money to work.
Energy Recovery (ERII) stock was upgraded at Jefferies to 'buy' on Tuesday.
Naysayers have shorted 13% of the water desalination company's stock. Joel Gay isn't worried.
Shares of Energy Recovery have surged over 96% thus far in 2016, drowning the short sellers who have increased their bets against the water desalination specialist along the way.
In trading on Wednesday, shares of Energy Recovery Inc touched a new 52-week high of $13.96/share. That's a 574.40% rise, or $11.89 per share from the 52-week low of $2.07 set back on 09/30/2015.
In recent trading, shares of Energy Recovery Inc have crossed above the average analyst 12-month target price of $12.67, changing hands for $12.81/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
The bears are trying it out on the Bank of England news today, but they may get squeezed.
Trade-Ideas LLC identified Energy Recovery (ERII) as a strong on high relative volume candidate
Investors eyeing a purchase of Energy Recovery Inc stock, but tentative about paying the going market price of $8.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the November put at the $7.50 strike, which has a bid at the time of this writing of 45 cents.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Trade-Ideas LLC identified Energy Recovery (ERII) as a weak on high relative volume candidate