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TMCNet:  Stock to Watch: Dyax Up 6.1% (DYAX)

[December 10, 2012]

Stock to Watch: Dyax Up 6.1% (DYAX)

Dec 10, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Dyax (NASDAQ:DYAX) is one of today's best performing low-priced stocks, up 6.1% to $3.29 on 1.1x average daily volume. Thus far today, Dyax has traded 353,000 shares, vs. average volume of 334,000 shares per day. The stock has outperformed the Dow (6.1% to the Dow's 0.2%) and outperformed the S&P 500 (6.1% to the S&P's 0.2%) during today's trading.
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Potential upside of 52.0% exists for Dyax, based on a current level of $3.29 and analysts' average consensus price target of $5.00. The stock should find initial support at its 50-day moving average (MA) of $2.61 and further support at its 200-day MA of $2.05.

Dyax Corp. is a biopharmaceutical company focused on the discovery, development and commercialization of antibodies, small proteins and peptides as therapeutic products for unmet medical needs, particularly in the areas of inflammation and oncology. The Company currently has two recombinant proteins, DX-88 and DX-890 in phase II clinical trials.

In the past 52 weeks, Dyax share prices have been bracketed by a low of $1.10 and a high of $3.33 and are now at $3.29, 199% above that low price. The 200-day and 50-day moving averages have moved 1.14% higher and 1.55% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Dyax on September 21st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.64. Since that recommendation, shares of Dyax have risen 17.4%. We continue to monitor DYAX 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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