Chart of the day : FCEL "Fuelcell Energy "
Chart courtesy of www.stockcharts.com ( click to enlarge )Shares of FCEL surged 4% today and closed near the highs of day at 7.45$.
FCEL is looking bullish at this point after breakout the downtrend line. In the technical daily chart the stock is poised for a rally with MACD back above 0 and K line on top of D line indicating a buy signal. Although I expect some continued stength in the coming days after today movement, remenber that this movement was followed by volume as show the chart. I believe that we have bottomed here and a new uptrend will begin. I will be playing to the longside now.
FCEL is looking bullish at this point after breakout the downtrend line. In the technical daily chart the stock is poised for a rally with MACD back above 0 and K line on top of D line indicating a buy signal. Although I expect some continued stength in the coming days after today movement, remenber that this movement was followed by volume as show the chart. I believe that we have bottomed here and a new uptrend will begin. I will be playing to the longside now.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.
That's All. Have a nice evening !!
AC
Labels: breakout, Bullish, FCEL
