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Fuel Tech(FTEK - Get Report) is an integrated company, which uses a range of advanced technologies to provide boiler optimization, improvement and air pollution reduction and control solutions to utility and industrial customers globally. This stock is trading up 16.2% to $5.31 cents per share in recent trading.
Today's Range: $4.84-$5.43
52-Week Range: $3.47-$7.46
Three-Month Average Volume: 192,970
Shares of FTEK are soaring today after the company was awarded a $36.6 million air pollution control contract by a major utility company in Chile
>>5 Stocks Poised for Breakouts
From a technical perspective, FTEK is gapping up huge here with above average volume. This move is coming off some
near-term support at $4.51, and it's pushing the stock within range of a major breakout trade. That trade will hit once FTEK takes out its 200-day moving average of $5.41 with high volume.
Traders should now look for long-biased trades once FTEK sustains a move or close over $5.41 with volume that's near or above 192,970 shares. At last check, FTEK has hit an intraday high of $5.43 and volume is well above its three-month average action of 192,970 shares. If that
breakout triggers soon, then look for FTEK to re-test and possibly take out its next significant overhead resistance levels at $5.94 to $6.50.
To see more stocks under $10 that are making notable moves higher today, check out the
Stocks Under $10 Moving Higher portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.