Exide Technologies (NASDAQ:XIDE) is one of today's best performing low-priced stocks, up 8.7% to $3.37 on 1.3x average daily volume. Exide Technologies has traded 583,000 shares thus far today, vs. average volume of 459,000 shares per day. The stock has outperformed the Dow (8.7% to the Dow's -0.5%) and outperformed the S&P 500 (8.7% to the S&P's -0.5%) during today's trading.
Exide Technologies produces and recycles lead-acid batteries. The Company's global transportation and industrial energy groups provide a range of stored electrical energy products and services for industrial and transportation applications.
Exide Technologies has overhead space with shares priced $3.37, or 18.3% below the average consensus analyst price target of $4.12. The stock should find initial support at its 200-day moving average (MA) of $2.98 and further support at its 50-day MA of $2.97.
In the past 52 weeks, Exide Technologies share prices have been bracketed by a low of $2.25 and a high of $4.15 and are now at $3.37, 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.