Industrials Sector Stocks Technical Report -- Research on SolarCity, FuelCell Energy, Civeo, and MagneGas

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Jun 25, 2014, 08:10 ET from Investor-Edge

LONDON, June 25, 2014 /PRNewswire/ --

On Tuesday, June 24, 2014, the NASDAQ Composite ended at 4,350.36, down 0.42%, the Dow Jones Industrial Average declined 0.70%, to finish the day at 16,818.13, and the S&P 500 closed at 1,949.98, down 0.64%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Industrials Sector Index ended the day at 466.46, down 1.00%, while the index has advanced 5.10% in the last three months. Investor-Edge has initiated coverage on the following equities: SolarCity Corp. (NASDAQ: SCTY), FuelCell Energy Inc. (NASDAQ: FCEL), Civeo Corp. (NYSE: CVEO) and MagneGas Corp. (NASDAQ: MNGA). Free technical research on SCTY, FCEL, CVEO and MNGA can be downloaded upon signing up at: SolarCity Corp.'s stock declined 2.80%, to close the day at $68.04. The stock recorded a trading volume of 6.63 million shares, above its three months average volume of 5.62 million shares. The stock oscillated between $67.66 and $71.19 during the session. Over the last one month and over the past three months, SolarCity Corp.'s shares have gained 30.72% and 8.72%, respectively. Additionally, from the beginning of 2014, the company's stock has gained an upside of 19.75%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $57.38 is greater than its 50-day moving average of $54.35. Additionally, the stock has a Relative Strength Index (RSI) of 76.49. Sign up today to read free research on SCTY at: On Tuesday, shares in FuelCell Energy Inc. recorded a trading volume of 4.80 million shares, lower than its three months average volume of 10.27 million shares. The stock ended the day at $2.33, which was 3.72% below its previous day's closing of $2.42, and registered an intraday range of $2.32 and $2.41. Although FuelCell Energy Inc.'s shares have lost 5.67% in the previous three trading sessions, it has advanced 9.39% in the last one month and 65.25% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $2.26 and $1.83, respectively. Furthermore, shares of the company have an RSI of 57.29. Sign up today to read free research on FCEL at: Civeo Corp.'s stock finished the Tuesday's session 0.90% lower at $25.20. A total of 1.25 million shares were traded during the trading session. The stock moved between $25.10 and $25.69 during the session. Civeo Corp.'s shares have declined 2.36% in the previous three trading sessions. However, the stock has surged 14.75% in the last one month. Civeo Corp.'s stock has an RSI of 57.56. Sign up today to read free research on CVEO at: On Tuesday, shares in MagneGas Corp. traded between $1.35 and $1.56 before ending the session 10.19% lower at $1.41. MagneGas Corp.'s stock reported a trading volume of 2.11 million shares, close to its three months average volume of 2.18 million shares. MagneGas Corp.'s shares have surged 13.70% in the last one month and 220.45% on YTD basis. However, the company's stock has declined 12.42% in the previous three trading sessions. The stock is trading above its 200-day moving average of $0.96, while the 200-day moving average is below MagneGas Corp.'s 50-day moving average of $1.41. Moreover, shares of the company have an RSI of 53.25. Sign up today to read free research on MNGA at: =============== EDITOR'S NOTES: =============== 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. 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