MEMC is in very good business with lot of interesting prospects. It is a long term story fundamentally and if someone believes in renewable sources of energy, then this is one the story to be part of.
Stock had break out of its long time channel and is above its major daily moving averages. It has shown good volumes. Over it there is still a short interest in stock at aprrox 9million which could a further boost to stock. It has support at $18 and then at $14 levels. I recommend a buy on this stock with a long term prospective. Keep watching for further recommendations.
For detailed analysis, anyone can get in touch me with.
Please note:- Views expressed about this or any other stock on this blog are personal. Investment decisions are subject to market risks. Any decision you take, should be your own and not just based on this blog.
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