FCEL -- 35 Million shares above $2 and above the 50ma on weekly --- could be ready for next leg up -- IMO -- Golden cross is coming in a few days -
Compnay is waiting on a new contract $34 million from DoE
The Company submitted a proposal to the DOE of approximately $34 million to participate in the third phase of the solid oxide fuel cell development program and expects a decision by early 2011.
Investopedia explains Golden Cross As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.
Technicians might see this cross as a sign that the market has turned in favor of the stock.