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March 12, 2014
09:44 EDTFCELFuelCell trades lower for second session, levels to watch
The shares hit a fresh 52-week high of $4.74 in trading yesterday, only to reverse and close lower on the session. Today the shares are down another 13%, trading near a breakout point for the shares at the $2.50 area. With price last at $2.84, that $2.50 level is next important support. Resistance is at $3.17. Cowen downgraded the shares on valuation to Market Perform. Stifel raised its price target to $4.10.
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