Maxwell Technologies Makes a Move: Up 3.7%

Published on Thu, 01/31/2013 - 13:15
By Peter Chu in Market movers, MXWL, market movers, maxwell technologies, nasdaq:mxwl

One of today's notable stocks on the rise is Maxwell Technologies (NASDAQ:MXWL), up 3.7% to $9.64. The Dow Jones Industrial Average is now trading fractionally lower to 13,895 and the S&P is trading fractionally lower to 1,501.

Maxwell Technologies (NASDAQ:MXWL) is currently priced 28.0% above its average consensus analyst price target of $6.94. The stock should discover initial support at its 200-day moving average (MA) of $8.01 and subsequent support at its 50-day MA of $7.92.

Over the past year, Maxwell Technologies has traded in a range of $5.81 to $21.49 and is now at $9.64, 66% above that low. The 200-day and 50-day moving averages have moved 1.37% lower and 2.30% higher over the past week, respectively.

Maxwell Technologies, Inc. develops, manufactures and markets products and services for purification and information technologies and power-conversion systems and components. The Company's solutions are used in food processing and packaging, health care, and OEM PC manufacturing, as well as for federal and local government applications.

By Peter Chu
pchu@fnno.com

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