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TMCNet:  FuelCell Energy Up 5.7%, Penny Stock Attracts Attention (FCEL)

[December 17, 2012]

FuelCell Energy Up 5.7%, Penny Stock Attracts Attention (FCEL)

Dec 17, 2012 (SmarTrend(R) Spotlight via COMTEX) -- FuelCell Energy (NASDAQ:FCEL) is one of today's best performing penny stocks, up 5.7% to $1.00 on 1.6x average daily volume. FuelCell Energy has traded 1.8 million shares thus far today, vs. average volume of 1.1 million shares per day. The stock has outperformed the Dow (5.7% to the Dow's 0.5%) and outperformed the S&P 500 (5.7% to the S&P's 0.8%) during today's trading.
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FuelCell Energy has overhead space with shares priced $1.00, or 58.4% below the average consensus analyst price target of $2.40. The stock should find resistance at its 200-day moving average (MA) of $1.09, as well as support at its 50-day MA of $0.91.

In the past 52 weeks, FuelCell Energy share prices have been bracketed by a low of $0.83 and a high of $1.95 and are now at $1.00, 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 1.4%.

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

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