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Monday, October 16, 2006 

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.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's All. Have a nice evening !!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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