Smart Grid

TMCNet:  Traders Get Bullish on Shares of FuelCell Energy, Shares Up 8.8% (FCEL)

[December 14, 2012]

Traders Get Bullish on Shares of FuelCell Energy, Shares Up 8.8% (FCEL)

Dec 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- FuelCell Energy (NASDAQ:FCEL) is one of today's best performing penny stocks, up 8.8% to $0.96 on 3.3x average daily volume. FuelCell Energy has traded 2.1 million shares thus far today, vs. average volume of 650,000 shares per day. The stock has outperformed the Dow (8.7% to the Dow's 0.0%) and outperformed the S&P 500 (8.7% to the S&P's -0.2%) during today's trading.
Story continues below ↓

Over the past year, FuelCell Energy has traded in a range of $0.83 to $1.95 and is now at $0.96, 15% above that low. The 200-day and 50-day moving averages have moved 0.54% lower and 0.2% lower over the past week, respectively.

Potential upside of 127.4% exists for FuelCell Energy, based on a current level of $0.96 and analysts' average consensus price target of $2.17. The stock should find resistance at its 200-day moving average (MA) of $1.12, as well as support at its 50-day MA of $0.91.

FuelCell Energy, Inc. develops and commercializes fuel cell power plants for electric power generation. The Company also has contracts to develop its fuel cells for use of alternative fuels and for marine transportation applications. FuelCell has research and development contracts with government and industry.

SmarTrend is tracking the current trend status for FuelCell Energy and will alert subscribers who have FCEL in their portfolio or watchlist when shares have changed trend direction.

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

[ Back To Smart Grid Home's Homepage ]




blog comments powered by Disqus