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TMCNet:  Hot Stock: FuelCell Energy, Shares Drop 5.9% (FCEL)

[January 15, 2013]

Hot Stock: FuelCell Energy, Shares Drop 5.9% (FCEL)

Jan 15, 2013 (SmarTrend(R) Spotlight via COMTEX) -- FuelCell Energy (NASDAQ:FCEL) is one of today's worst performing low-priced stocks, down 5.9% to $1.11 on 1.3x average daily volume. FuelCell Energy has traded 1.9 million shares thus far today, vs. average volume of 1.4 million shares per day. The stock has underperformed the Dow (-5.9% to the Dow's -0.2%) and underperformed the S&P 500 (-5.9% to the S&P's -0.2%) during today's trading.
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FuelCell Energy share prices have moved between a 52-week high of $1.95 and a 52-week low of $0.83 and are now trading 34% above that low price at $1.11 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.9%.

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.

There is potential upside of 91.4% for shares of FuelCell Energy based on a current price of $1.11 and an average consensus analyst price target of $2.12. The stock should find initial support at its 200-day moving average (MA) of $1.03 and further support at its 50-day MA of $0.95.

SmarTrend is monitoring the recent change of momentum in FuelCell Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of FuelCell Energy 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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