FuelCell Energy Inc (FCEL)

[hopester]

One analyst ( Wells Fargo ) has a Sell on it with a target px of $1.50. 3 others have a hold or underweight rating with a target of $2.50. Their ratings and px/tgts are based purely on fundamentals.
From a technical perspective, one can make a case for $2.50 provided it holds above $2.00successfully after testing it 2-3 times. It's interesting that $2.50 is where the resistance is.
However if it breaks below $2.00+/- on a closing basis, that support becomes resistance and a move down to the 52 week low is likely.
There's nothing to suggest $1.50 at this time . That would come as it trades nearer the 52 week low but not now.
The fact remains, the stock continues to trend down despite bounces here and there.
If you're a trader and nimble enough with your eyes glued to the computer all day long, then keep your finger on the Buy and Sell button. But you better have a good ( technical) reason for doing so. It's not in my play book. I come from a different school of thought.
That's not my bag.