Stock Investors Sell Off Shares of Maxwell Technologies, Down 1.2%

Published on Wed, 01/16/2013 - 11:27
By Robert Cotter in Market movers, MXWL, market movers, maxwell technologies, nasdaq:mxwl

One of today's notable stocks in decline is Maxwell Technologies (NASDAQ:MXWL), down 1.2% to $8.45. The Dow is down 0.3% to 13,498 and the S&P is currently trading fractionally lower to 1,470.

In the past 52 weeks, shares of Maxwell Technologies have traded between a low of $5.81 and a high of $21.49 and are now at $8.45, which is 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has advanced 1.8%.

Maxwell Technologies (NASDAQ:MXWL) defies analysts with a current price ($8.45) 17.9% above its average consensus price target of $6.94. The stock should discover initial support at its 200-day moving average (MA) of $8.43 and subsequent support at its 50-day MA of $7.42.

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 Robert Cotter
rcotter@fnno.com

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