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Traders Get Bullish on Shares of FuelCell Energy, Shares Up 5.5% (FCEL)May 21, 2013 (SmarTrend(R) Spotlight via COMTEX) -- FuelCell Energy (NASDAQ:FCEL) is one of today's best performing low-priced stocks, up 5.5% to $1.16 on 2.9x average daily volume. Thus far today, FuelCell Energy has traded 3.6 million shares, vs. average volume of 1.3 million shares per day. The stock has outperformed the Dow (5.5% to the Dow's 0.3%) and outperformed the S&P 500 (5.5% to the S&P's 0.3%) during today's trading. 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. Potential upside of 77.8% exists for FuelCell Energy, based on a current level of $1.16 and analysts' average consensus price target of $2.06. The stock should find initial support at its 50-day moving average (MA) of $0.99 and further support at its 200-day MA of $0.99. FuelCell Energy share prices have moved between a 52-week high of $1.39 and a 52-week low of $0.83 and are now trading 40% above that low price at $1.16 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant. 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 [email protected] --------------------------------------------------------------------------------------------- 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 |