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Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility. Stocks that are making big-percentage moves either up or down are usually in play because their sector is becoming attractive or they have a major fundamental catalyst such as a recent
earnings release. Sometimes stocks making big moves have been hit with an
analyst upgrade or an
FuelCell Energy(FCEL - Get Report) is an integrated fuel cell company that designs, manufactures, sells, installs and services ultra-clean, stationary fuel cell power plants for distributed baseload power generation. This stock is trading up 12.6% to $1.25 in recent trading.
Today's Range: $1.11-$1.26
52-Week Range: $0.80-$1.95
Volume: 3.4 million
FuelCell Energy Three-Month Average Volume: 2.2 million
technical perspective, FCEL is skyrocketing here on monster volume. This move has already
triggered a breakout once FCEL took out some near-term overhead resistance at $1.07 to $1.15. Now this stock is trending right near its 50-day moving average of $1.26, which also happens to be the daily high.
Traders should now look for long-biased trades as long as FCEL is trending above its 50-day and above some near-term overhead resistance levels at $1.30 to $1.36 with high volume. I would consider any upside volume day that registers near or above 2.2 million shares as bullish. If we get that action soon, look for FCEL to hit $1.60 to $1.80 or higher in the near future.
I also featured FuelCell recently in "
5 Stocks Feeling the Insider Love."