NEW YORK, NY / ACCESSWIRE / February 7, 2017 / U.S. markets experienced a volatile day of trading Tuesday, but managed to snap the streak of two consecutive days of steep selloffs. The Dow Jones Industrial Average touched a low of 23,778.74 before settling to close at 24,912.77, an increase of 2.33 percent, while the S&P 500 Index hit a low of 2,593.07 before settling to close at 2,695.14, up 1.74 percent. The Nasdaq Composite Index rallied 2.13 percent to close at 7,115.88. The CBOE Volatility Index, a widely respected gauge of market volatility on Wall Street, rebounded to 29.69, after closing at 37.32 on Monday.
"Widespread and excessive optimism left stocks vulnerable to increased volatility as bond yields have moved off their lows," said Bruce Bittles, chief investment strategist at Baird, according to CNBC. "While there is some early evidence that selling pressures are becoming exhausted, and stocks could soon see relief, the broad market is seeing meaningful deterioration."
RDI Initiates Coverage on:
FuelCell Energy, Inc.
Plug Power, Inc.
FuelCell Energy's stock edged 0.65% lower Tuesday, to close the day at $1.54. The stock recorded a trading volume of 1,827,280 shares, which was above its three months average volume of 1,607,867 shares. In the last year, FuelCell Energy's shares have traded in a range of 0.80 - 2.49. The share price has gained 92.50% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.78 is greater than its 200-day moving average of $1.76. Shares of FuelCell Energy have fallen roughly 10.47 percent in the past month and are down 9.41 percent year-to-date.
Access RDI’s FuelCell Energy, Inc. Research Report at:
On Tuesday, shares of Plug Power recorded a trading volume of 6,820,108 shares, which was above the three months average volume of 3,873,304 shares. The stock ended the day 2.22% higher at 1.84. The share price has gained 121.69% from its 52 week low with a 52 week trading range of 0.83 - 3.21. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $2.26 is below its 200-day moving average of $2.39. Shares of Plug Power have fallen roughly 22.03 percent in the past month.
Access RDI’s Plug Power, Inc. Research Report at:
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