My Stock of the Day is Energy Conversion Devices (ENER).
The stock is getting a nice bounce on the news that IBM and friends are working on a new phase change memory flash chip that could result in royalty revenues for ENER.
Merriman noted today that they believe there is little if no value being given in the market for this division, as reflected in the current price of ENER.
Today, the stock is spiking higher on a big surge in volume. It is also brushing up against its overhead 200-day. But clearing this resistance level would pave the way for more gains in the near future.
Other stocks making notable moves today include: