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Traders Get Bullish on Shares of Anadigics, Shares Up 5.6% (ANAD)Dec 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Anadigics (NASDAQ:ANAD) is one of today's best performing low-priced stocks, up 5.6% to $2.07 on 1.1x average daily volume. Thus far today, Anadigics has traded 542,000 shares, vs. average volume of 516,000 shares per day. The stock has outperformed the Dow (5.6% to the Dow's -0.4%) and outperformed the S&P 500 (5.6% to the S&P's -0.6%) during today's trading. ANADIGICS, Inc. designs and manufactures radio frequency integrated circuit solutions for the broadband and wireless communications markets. The Company's products enable manufacturers of communications equipment to enhance overall system performance, manufacturing costs, and time to market. In the past 52 weeks, Anadigics share prices have been bracketed by a low of $1.05 and a high of $3.22 and are now at $2.07, 97% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 1.7%. Anadigics (NASDAQ:ANAD) has potential upside of 17.4% based on a current price of $2.07 and analysts' consensus price target of $2.43. The stock should discover initial support at its 200-day moving average (MA) of $1.78 and subsequent support at its 50-day MA of $1.33. SmarTrend recommended that subscribers consider buying shares of Anadigics on November 28th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $1.61. Since that recommendation, shares of Anadigics have risen 21.7%. We continue to monitor ANAD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |