Thursday, December 20, 2007

Fuel Cell Energy (FCEL)

One of the few bright spots over the past few days has been Fuel Cell Energy (FCEL). The stock made a strong volume, gap breakout, on the back of earnings. The gap failed to fill on the backtest of support, in itself a bullish confirmation signal. Wednesday's follow through came on slightly disappointing volume, likely an artifact of holiday trading. I wouldn't be surprised to see it drift into the $11.50-12.00 range before pushing higher.

You can get a 15-min delayed data chart for FCEL here; if you like the chart please give it your Vote at the bottom of the chart - TY.

On the options front, July 2008 $5 strike Calls were showing the same ask ($7.60) as April's 2008; that's a measly $0.26 time premium for a stock which has added $4 in a month. Good value.