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Shares of Maxwell Technologies Receive a Boost, Up 1.3%

Published on Thu, 01/10/2013 - 11:27
By Peter Chu

One of today's notable stocks on the rise is Maxwell Technologies (NASDAQ:MXWL), up 1.3% to $8.38. The Dow Jones Industrial Average is now trading fractionally higher to 13,402 and the S&P is trading 0.2% higher to 1,464.

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.

Over the past year, Maxwell Technologies has traded in a range of $5.81 to $21.49 and is now at $8.38, 44% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has advanced 0.6%.

Maxwell Technologies (NASDAQ:MXWL) is currently priced 17.2% above its average consensus analyst price target of $6.94. The stock should find resistance at its 200-day moving average (MA) of $8.62, as well as support at its 50-day MA of $7.28.

By Peter Chu
pchu@fnno.com