SmarTrend identified a Downtrend for FuelCell Energy (NASDAQ:FCEL) on January 26, 2010 at $2.98. In approximately 1 week, FuelCell Energy has returned 4.7% as of today's recent price of $2.84.
FuelCell Energy is currently below its 50-day moving average of $3.30 and below its 200-day moving average of $3.64. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of FuelCell Energy.
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