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TMCNet:  Exide Technologies Up 9.7%, Shares Break Through Resistance (XIDE)

[December 28, 2012]

Exide Technologies Up 9.7%, Shares Break Through Resistance (XIDE)

Dec 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Exide Technologies (NASDAQ:XIDE) is one of today's best performing low-priced stocks, up 9.7% to $3.40 on 1.1x average daily volume. Exide Technologies has traded 521,000 shares thus far today, vs. average volume of 459,000 shares per day. The stock has outperformed the Dow (9.7% to the Dow's -0.6%) and outperformed the S&P 500 (9.7% to the S&P's -0.5%) during today's trading.
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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 share prices have moved between a 52-week high of $4.15 and a 52-week low of $2.25 and are now trading 51% above that low price at $3.40 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Exide Technologies has overhead space with shares priced $3.40, or 17.6% below the average consensus analyst price target of $4.12. Exide Technologies shares have support at the 200-day moving average (MA) of $2.98 and additional support at the 50-day MA of $2.97.

SmarTrend recommended that subscribers consider buying shares of Exide Technologies on December 12th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.94. Since that recommendation, shares of Exide Technologies have risen 5.4%. We continue to monitor XIDE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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