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Is Fuel Tech Inc (FTEK) Stock About to Get Hot Monday?

Monday, June 29, 2020 11:52 AM | InvestorsObserver Analysts

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Is Fuel Tech Inc (FTEK) Stock About to Get Hot Monday?

Overall market sentiment has been down on Fuel Tech Inc (FTEK) stock lately. FTEK receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish

Fuel Tech Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on FTEK!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With FTEK Stock Today?

Fuel Tech Inc (FTEK) stock has risen 36.62% while the S&P 500 is down -2.42% as of 11:51 AM on Monday, Jun 29. FTEK is higher by $0.28 from the previous closing price of $0.75 on volume of 2,287,164 shares. Over the past year the S&P 500 is up 1.51% while FTEK is down -24.26%. FTEK lost -$0.38 per share in the over the last 12 months.

To see InvestorsObserver's Sentiment Score for Fuel Tech Inc click here.

More About Fuel Tech Inc

Fuel Tech Inc is an technology provider of boiler optimization, efficiency improvement, and air pollution reduction to utility and industrial customers. The company operates in two segments, Air Pollution Control and FUEL CHEM. The Air Pollution Control technology segment includes technologies to reduce NOx emissions in flue gas from boilers, incinerators, furnaces and other stationary combustion sources. The FUEL CHEM technology segment uses chemical processes in combination with advanced Computational Fluid Dynamics and Chemical Kinetics Modeling boiler modeling for the control of slagging, fouling, corrosion, opacity and other sulfur trioxide-related issues in furnaces and boilers through the addition of chemicals into the furnace using TIFI Targeted In-Furnace Injection technology.

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