Thought I’d do a quick follow-up post with my thoughts on various Fuel Cell related stocks as I bought into HYGS – Hydrogenics and more recently into FCEL – Fuel Cell Energy. Here’s my rationale why I originally entered HYGS:
My second buy into the sector obviously didn’t work. FCEL gapped down after earnings. The reaction to earnings is all I am interested in. If a stock doesn’t act well and gets sold I sell. No questions asked. Only HYGS earned its right to remain in my portfolio.
Click the chart to maximize and see the annotations:
- HYGS – Hydrogenics: Smooth trading character. Strong bullish flag. Huge weekly pattern pressure. For now this is my favourite.
- FCEL – Fuel Cell Energy: ‘Hole in the wall’ pattern. Chart is broken. Avoid for now.
- QTWW – Quantum Fuel Systems Technologies: Overall very strong chart.
- PLUG – Plug Power: Might be somewhat extended. Chart needs more time to rebuild pattern pressure.
- BLDP – Ballard Power: Underperformer. Avoid for now.
- CPST – Capstone Turbine: Stock is going nowhere. Avoid for now.
Don’t anticipate, just participate. – Richard Weissman
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