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Maxwell Technologies Trading Higher on 2.0x Above-Average Volume (MXWL)

Published on Mon, 02/04/2013 - 14:10
By Robert Cotter

Maxwell Technologies's stock is up 3.2% to $9.84 on heavy trading volume. Today's volume of 456,000 shares tops the average 30-day volume of 224,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, Maxwell Technologies share prices have been bracketed by a low of $5.81 and a high of $21.49 and are now at $9.84, 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has advanced 3.9%.

Maxwell Technologies (NASDAQ:MXWL) is currently priced 31.4% above its average consensus analyst price target of $6.75. The stock should discover initial support at its 50-day moving average (MA) of $8.05 and subsequent support at its 200-day MA of $7.94.

By Robert Cotter