Maxwell Technologies, Inc., together with its subsidiaries, develops,
manufactures, and markets energy storage and power delivery products,
and microelectronic products worldwide. The company offers
Ultracapacitors that are energy storage devices to provide energy
storage and power delivery solutions for applications in transportation,
automotive, information technology, renewable energy, and industrial
electronics industries; and CONDIS high-voltage capacitors comprising
grading and coupling capacitors, and capacitive voltage dividers used to
ensure the safety and reliability of electric utility infrastructure
and other applications involving transport, distribution, and
measurement of high-voltage electrical energy. It also provides
radiation-hardened microelectronic products, including single board
computers and components, such as high-density memory and power modules
for satellites and spacecraft applications. The company markets and
sells its products through direct and indirect sales for integration by
original equipment manufacturers into a range of end products.
Please take a look at the 1-year chart of MXWL (Maxwell Technologies, Inc.) below with my added notations:
The trades here are pretty simple. MXWL has been holding a very
important level of support at $6 (navy) for almost the entire year. No
matter what the market has or has not done over that period of time,
MXWL has not broken below that $6 support level. The stock approaching
$6 should provide a bounce higher. However, if the overall market were
to sell-off, MXWL would most likely break that support and fall to a new
52-week low.
The Tale of the Tape: MXWL has a very strong level
of support at $6. A trader could enter a long position at $6 with a stop
placed under the level. If the stock were to break below the support, a
short position would be recommended instead.
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