NEW YORK, NY / ACCESSWIRE / August 14, 2017 / U.S. markets battled geopolitical uncertainties Friday to close in the green, but still posted steep weekly losses. The Dow Jones Industrial Average gained 0.07 percent to close at 21,858.32, down 1.05 percent for the week, while the S&P 500 Index rose 0.13 percent to close at 2,441.32, down 1.43 percent for the week. The weekly loss was the worst since November for the Dow and the worst since March for the S&P 500. The tech-heavy NASDAQ Composite Index increased 0.64 percent to close at 6,256.56, down 1.49 percent for the week and the worst weekly loss since June.
"From a geopolitical perspective, we understand why the escalation in tensions will have shaken some of the complacency out of investors," said Eric Wiegand, Senior Portfolio Manager at U.S. Bank Private Client Wealth Management. "And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full. But we're in a low inflationary environment, which can help valuations remain elevated for longer than they would otherwise."
RDI Initiates Coverage on:
Plug Power Inc. https://ub.rdinvesting.com/news/?ticker=PLUG
FuelCell Energy Inc. https://ub.rdinvesting.com/news/?ticker=FCEL
Plug Power Inc.'s stock moved 3.00% higher Friday, to close the day at $2.06. The stock recorded a trading volume of 4,507,306 shares, which was below its three months average volume of 5,490,050 shares. In the last year Plug Power Inc.'s shares have traded in a range of 0.83 - 2.70. The share price has gained 148.19% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $2.16 is greater than its 200-day moving average of $1.78. Shares of Plug Power have gained approximately 71.67 percent year-to-date.
Access RDI's Plug Power Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=PLUG
On Friday, shares in FuelCell Energy Inc. recorded a trading volume of 746,413 shares, which was below the three months average volume of 1,195,740 shares. The stock ended the day 2.82% lower at 1.38. The share price has gained 72.50% from its 52 week low with a 52 week trading range of 0.80 - 5.67.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $1.42 is greater than its 200-day moving average of $1.36. Shares of FuelCell Energy have fallen approximately 21.14 percent year-to-date.
Access RDI's FuelCell Energy Inc. Research Report at: https://ub.rdinvesting.com/news/?ticker=FCEL
Our Actionable Research on Plug Power Inc. (NASDAQ: PLUG ) and FuelCell Energy Inc. (NASDAQ: FCEL ) can be downloaded free of charge at Research Driven Investing.
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