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TMCNet:  Hot Stock: Exide Technologies, Shares Gain 8.6% (XIDE)

[May 13, 2013]

Hot Stock: Exide Technologies, Shares Gain 8.6% (XIDE)

May 13, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Exide Technologies (NASDAQ:XIDE) is one of today's best performing penny stocks, up 8.6% to $0.95 on 1.1x average daily volume. Thus far today, Exide Technologies has traded 3.8 million shares, vs. average volume of 3.4 million shares per day. The stock has outperformed the Dow (8.6% to the Dow's -0.3%) and outperformed the S&P 500 (8.6% to the S&P's -0.0%) during today's trading.

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 373.7% based on a current price of $0.95 and analysts' consensus price target of $4.50. The stock should find initial resistance at its 50-day moving average (MA) of $1.88 and further resistance at its 200-day MA of $2.79.

In the past 52 weeks, shares of Exide Technologies have traded between a low of $0.64 and a high of $3.77 and are now at $0.95, which is 48% 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 declined 9.2%.

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 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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