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Hot Stock: FuelCell Energy, Shares Drop 5.3% (FCEL)
[November 08, 2012]

Hot Stock: FuelCell Energy, Shares Drop 5.3% (FCEL)

Nov 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- FuelCell Energy (NASDAQ:FCEL) is one of today's worst performing penny stocks, down 5.3% to $0.92 on 1.4x average daily volume. Thus far today, FuelCell Energy has traded 940,000 shares, vs. average volume of 650,000 shares per day. The stock has underperformed the Dow (-5.3% to the Dow's -0.1%) and underperformed the S&P 500 (-5.3% to the S&P's -0.2%) during today's trading.

Potential upside of 170.4% exists for FuelCell Energy, based on a current level of $0.92 and analysts' average consensus price target of $2.48. FuelCell Energy shares should first meet resistance at the 50-day moving average (MA) of $0.93 and find additional resistance at the 200-day MA of $1.13.

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 11% above that low price at $0.92 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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