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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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