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FuelCell Energy, Inc.

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FCEL trade ideas

Tale of two scenarios #FCELI can see two scenarios playing out with FCEL: 1) The stock is sitting on the 200EMA and tested it July 3,5, and 8th (Today). Seems to want to stay above it. So, either it will lay flat in this area (.72-.68) or it will drop (possibly gap) back down to the .54 area. The 3 day trend would imply that could happen, unless from the 3rd forward is a Pennant. In which case, it could lay flat. 2) There is resistance at $1, which I'm assuming is psychological because there isn't anything recent coinciding with the $1 mark. Additionally, if we treat the 3rd as the start of a pennant, the stock could very well gap up to or over $1. The volume on previous jumps was low (in comparison to highs), which seems to correlate with the recent "flatness." NOT ADVICE: I am assuming the 200ema will hold as support. The stock is above all the other ema lines as well. Nothing suggests a dump. Regardless, I've set my stoploss just below the 200ema. If it does return at least I have a good re-entry point.
NASDAQ:FCELLong
by PatternTrader0807
4
Consolidation from gaps find support at .67? FCELI'm continuing to watch this stock closely. I am a low-level trader and don't have tons of money in this stock, but nobody wants a loss of even a dollar if they don't have to. If the .67 mark is confirmed in the following days then I suspect the .80/.81 upper resistance will be broken. Or, it could go the other way. Still too early to tell. News has been nothing but good in terms of contracts, although, there was a reverse stock-split weeks ago. Additionally, there was negative news about potential down earings Q2. There is a July 3 article outlining the volatility, but even that is uncertain whether there will be a breakout or a sell-off. If I were a betting man, something will happen to push the stock back above a dollar so they can stay listed. I've not heard anything about an SEC warning or extension about staying listed. Something to watch closely for a breakout in my opinion. Too many articles outlining positive business ventures.
NASDAQ:FCELLong
by PatternTrader0807
1
Interesting trend on Saucer. FCELThis would appear to me that there will be a pullback to about the .54 area. Maybe .57-.60. Depending on if it gaps on open again. In which case .77 could be the new lower support if it drops during consolidation. If you notice the downtrend side: June 5, 7, and 14 the stock dropped below .77 (5th), .54 (7th), and .39 (14th). Now compare to the uptrend side of the saucer: July 2nd the stock gapped up above .39, and even with consolidation closed at (or about) .54 Then July 3rd (Today) the stock gapped up again passing the .77 mark but failed to stay above on close. Currently at .79(ish) which is good news. That is a post market number though. the last thing to note is July 1, 2, and 3. Open July 1 was slow but trending up. Consolidation with low-volume. July 2nd is the gap up, consolidation with low-volume while trending up. July 3rd (Today) 2nd gap up, but the volume pattern has completely changed. It did not trend up. There is still a slight chance .77 becomes the new low resistance line. With any luck a gap up will push us over $1.00
NASDAQ:FCELLong
by PatternTrader0807
6
Still developing this idea. Still too early. FCELThe volume seems to coincide with a reversal, but I'm inexperienced so I may be wrong. One of the previous low-resistance lines has been passed 39-40 cent area. If it does a double bottom off that mark through the week, I suspect it will continue to climb. There hasn't been any negative press. Additionally, several articles have come out about renewables and "green" energy that points to those markets making gains. Especially wind/solar and EV. I nearly bought in at the 24-cent mark but I am still comfortable if the new resistance is 39/40 cents or so.
NASDAQ:FCELLong
by PatternTrader0807
$FCEL Contract win propels stock, look for continuation.On the 30th April Fuelcell Energy announced a new project which sent the stock 20% higher, we are looking for continuation in the name which has really been beaten down. Cash concerns have inflicted a lot of skepticism on the company but several Institutional investors have recently added to their positions in the stock. Blackrock added 10.5% to their position in the last quarter which is a sign of confidence. FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.
NASDAQ:FCELLong
by DEXWireNews
This stock can more than double in the coming yearFuelCell Energy, Inc. develops and commercializes fuel cell power plants for electric power generation. The Company also has contracts to develop its fuel cells for use of alternative fuels and for marine transportation applications. FuelCell has research and development contracts with government and industry. The coming year is very important for fuel cell energy (fcel). There are many exciting projects going on. The key is to get everything financed and be able to finally become profitable or at least don't lose a lot of money. Fuel cell should be able to meet or beat last year earnings for the first quarter. When all go according to plan no way this stock will drop back to lows the turnaround is finally in sight. 3rd quarter conference call is in September we should have many answers by then and if the stock is not over $4 then chip has failed. High risk and high profit opportunity.
NASDAQ:FCELLong
by Nielsagaert