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TMCNet:  Quantum Fuel Systems Technologies Worldwide Up 6.5%, Penny Stock Attracts Attention (QTWW)

[November 01, 2012]

Quantum Fuel Systems Technologies Worldwide Up 6.5%, Penny Stock Attracts Attention (QTWW)

Nov 01, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Quantum Fuel Systems Technologies Worldwide (NASDAQ:QTWW) is one of today's best performing penny stocks, up 6.5% to $0.58 on 1.3x average daily volume. Quantum Fuel Systems Technologies Worldwide has traded 288,000 shares thus far today, vs. average volume of 225,000 shares per day. The stock has outperformed the Dow (6.5% to the Dow's 0.9%) and outperformed the S&P 500 (6.5% to the S&P's 0.9%) during today's trading.
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Quantum Fuel Systems Technologies Worldwide, Inc. designs, manufactures, and supplies integrated fuel systems to original equipment manufacturers of fuel cell applications and alternative fueled vehicles. The Company's fuel systems comprise the storage, monitoring, control, and injection of gaseous fuels to improve efficiency, enhance power output, and reduce pollutant emissions.

In the past 52 weeks, shares of Quantum Fuel Systems Technologies Worldwide have traded between a low of $0.41 and a high of $6.29 and are now at $0.57, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

There is potential upside of 108.7% for shares of Quantum Fuel Systems Technologies Worldwide based on a current price of $0.57 and an average consensus analyst price target of $1.20. Quantum Fuel Systems Technologies Worldwide shares should first meet resistance at the 200-day moving average (MA) of $0.78 and find additional resistance at the 50-day MA of $0.79.

SmarTrend is monitoring the recent change of momentum in Quantum Fuel Systems Technologies Worldwide. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Quantum Fuel Systems Technologies Worldwide in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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