Updated: July 11, 2019
(NEW YORK)--FuelCell Energy, Inc. (NASDAQ: FCEL) looks primed for possible break above its 50-day moving average at $1.02 per share.
Ludlow Research, a small cap equity research firm out of New York City, issued a potential "breakout alert" to its subscribers that FCEL has held its rally well from its run in early July, and now looks set to make an attempt to break above its 50-day moving average, which could set the stage for possible run up to the $3.00 to $5.00 range to meet the 200-day resistance.
The RSI remains low around 55, and MACD is signaling uptrend to continue.
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