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Stock to Watch: Ballard Power Systems Up 6.0% (BLDP)May 22, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Ballard Power Systems (NASDAQ:BLDP) is one of today's best performing low-priced stocks, up 6.0% to $1.23 on 1.1x average daily volume. Ballard Power Systems has traded 566,000 shares thus far today, vs. average volume of 532,000 shares per day. The stock has outperformed the Dow (6.0% to the Dow's 0.6%) and outperformed the S&P 500 (6.0% to the S&P's 0.6%) during today's trading. Ballard Power Systems Inc. designs, develops, manufactures, sells and service hydrogen fuel cells for a range of applications. The Company's products and services are used in many industries such as materials handling, residential cogeneration, backup power and transportation. Based on a current price of $1.23, Ballard Power Systems is currently 18.7% above its average consensus analyst price target of $1.00. The stock should find initial support at its 50-day moving average (MA) of $1.02 and further support at its 200-day MA of $0.84. Ballard Power Systems share prices have moved between a 52-week high of $1.54 and a 52-week low of $0.56 and are now trading 120% above that low price at $1.23 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%. SmarTrend is monitoring the recent change of momentum in Ballard Power Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ballard Power Systems in search of a potential trend change. 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 |