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Stock to Watch: Exide Technologies Up 5.6% (XIDE)Feb 08, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Exide Technologies (NASDAQ:XIDE) is one of today's best performing low-priced stocks, up 5.6% to $3.00 on 1.2x average daily volume. Exide Technologies has traded 546,000 shares thus far today, vs. average volume of 457,000 shares per day. The stock has outperformed the Dow (5.6% to the Dow's 0.3%) and outperformed the S&P 500 (5.6% to the S&P's 0.5%) during today's trading. In the past 52 weeks, shares of Exide Technologies have traded between a low of $2.25 and a high of $4.15 and are now at $3.00, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%. Exide Technologies produces and recycles lead-acid batteries. The Company's global transportation and industrial energy groups provide a range of stored electrical energy products and services for industrial and transportation applications. Exide Technologies (NASDAQ:XIDE) has potential upside of 50.1% based on a current price of $3.00 and analysts' consensus price target of $4.50. The stock should run into initial resistance at its 200-day moving average (MA) of $3.06 and subsequent resistance at its 50-day MA of $3.27. SmarTrend is monitoring the recent change of momentum in Exide Technologies. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Exide Technologies in search of a potential trend change. 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 |