$1.04 has been a pivot point for this stock on several occasions. it was a ceiling for us from August when the crash began. On the way back up,, we had several spikes to the $1.04 range with pullbacks after. Staying at or above $1.04 is a good thing, in my opinion.
Of course, on a bigger, broader scale, the run to $1.70 occurred in a three week period from Jan. to Feb. of 2012 when FCEL went from 94 cents to $1.70 in two weeks. it hit $1.90 a week or two later, following a pullback to $1.40...That's where we're at.... I hope 85 cents was a nice, quick springboard back to the $1.20-1.40 range... We will have some resistance along the way...maybe...between 1.09 and 1.15, but once those barriers are crossed, we're going to challenge the 52 week high, no question in my mind..
I am no longer trading any of my FCEL holdings in and out. It won't take much to reverse the negative overall perception of alt energy companies that actually work, and do not rely on .gov subsidies to keep the doors open. That could happen in the blink of an eye, or as the result of certain orders or partnerships, and I don't want to be "out" when that happens. I really wouldn't be surprised to see $3.5 per this year, and considerably higher thereafter...
On the other hand, they could go bust, but I see that as only a very remote possibility.