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Upgrade Alert for Maxwell Technologies (MXWL)Feb 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Maxwell Technologies (NASDAQ:MXWL) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $9.53 on volume of 161,000 shares, below average daily volume of 224,000. Maxwell Technologies (NASDAQ:MXWL) is currently priced 29.2% above its average consensus analyst price target of $6.75. The stock should find initial support at its 50-day moving average (MA) of $8.05 and further support at its 200-day MA of $7.94. 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 closed yesterday at $9.53, 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.9% while the 200-day MA has slid 2.2%. SmarTrend recommended that subscribers consider buying shares of Maxwell Technologies on December 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.26. Since that recommendation, shares of Maxwell Technologies have risen 15.4%. We continue to monitor MXWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |