Long Position on MXWL @ $15.70 on 4/24/2014 (Rumor)

Bullish Flag on MXWLMaxwell Technologies, Inc. (MXWL) develops, manufactures, and markets energy storage and power delivery products worldwide.

It 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.

The company also provides 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.

In addition, it offers radiation-hardened microelectronic products, including single board computers and components, such as high-density memory and power modules for satellites and spacecraft applications.

Maxwell Technologies, Inc. markets and sells its products through direct and indirect sales to integrators and original equipment manufacturers for use in a range of end products.

Shares have formed a bullish "flag" on market rumors that Tesla Motor (TSLA) may be looking to buy the company or award it a major contract. Since then, several brokerage houses have either upgraded the stock or have issued positive reports on the company. Last week, the company announced that its techology will be used in Philadelphia Area Electric Rail Lines. The company reports earnings on May 1 and shares should move higher into the report.

52-Week Trading Range: $5.51 - $16.87

Entry Point: $15.70

Stop Loss: $14.90

Target Price: $17.27

Updates

4/30/2014 9:40:49 AM

MXWL keeps declining. We are closing the position at $14.10

Position closed on 4/30/2014 at price of $14.10 with a -10.19% loss in 6 days.

Back to Portfolio