News Update: Speculative Low Price Stock: FuelCell Energy Shares Drop 7.3% (FCEL)

FuelCell Energy (NASDAQ:FCEL) is one of today's worst performing low-priced stocks, down 7.3% to $1.14 on 2.4x average daily volume. Approximately 2.5 million shares have traded hands today vs. 30-day average volume of 1.1 million shares.

High volume often signals a change in trends. Shares of FuelCell Energy are currently trading below their 50-day moving average (MA) of $2.37 and below their 200-day MA of $3.11.

SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.

FuelCell Energy is in SmarTrend's Industrial Electrical Equipment industry and this industry is currently in a Downtrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.

SmarTrend is bearish on shares of FuelCell Energy and our subscribers were alerted to sell on May 17, 2010 at $2.43. The stock has fallen 53.1% since the alert was issued.

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• FuelCell
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