FuelCell Energy (NASDAQ:FCEL) is one of today's best performing low-priced stocks, up 8.3% to $1.44 on 2.4x average daily volume. Thus far today, FuelCell Energy has traded 3.7 million shares, vs. average volume of 1.5 million shares per day. The stock has outperformed the Dow (8.3% to the Dow's 0.5%) and outperformed the S&P 500 (8.3% to the S&P's 0.2%) during today's trading.
In the past 52 weeks, FuelCell Energy share prices have been bracketed by a low of $0.83 and a high of $1.64 and are now at $1.44, 73% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 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.
Potential upside of 44.7% exists for FuelCell Energy, based on a current level of $1.44 and analysts' average consensus price target of $2.08. The stock should find initial support at its 50-day moving average (MA) of $1.25 and further support at its 200-day MA of $1.17.
SmarTrend recommended that subscribers consider buying shares of FuelCell Energy on May 21st, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.14. Since that recommendation, shares of FuelCell Energy have risen 16.7%. We continue to monitor FCEL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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