FuelCell Energy Inc (FCEL)

[jbsliverer]

Just put a simple RSI on it there Xena. https://www.investopedia.com/articles/active-trading/042114/overbought-or-oversold-use-relative-strength-index.
But there are more indicators to show oversold. FCEL needs to get up over the $7 break to be a long term breakout. Before that FCEL needs to break the 200ma which is at about 5.37 now and it got rejected. What it's showing is just a shorter term breakout and it has already reached the height of short term trading point. I'm not sure what the catalyst would be to continue the run at this point. Like I said before, the whole sector is getting to exhaustion and is due for retrace. Maybe after retrace something could happen, but definitely caution should be used at the top of the run.

Run a trendline under the run on the daily, and confirmation of exhaustion will be when it goes under that and continues down. Of course all of that is just probabilities and not a sure thing, but that and FCEL's history is still something to take in consideration.