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Anadigics Up 10.2%, Shares Break Through Resistance (ANAD)

By Shiri Gupta

Anadigics (NASDAQ:ANAD) is one of today's best performing low-priced stocks, up 10.2% to $1.19 on 1.2x average daily volume. Anadigics has traded 489,000 shares thus far today, vs. average volume of 409,000 shares per day. The stock has outperformed the Dow (10.2% to the Dow's 0.3%) and outperformed the S&P 500 (10.2% to the S&P's 0.2%) during today's trading.

Anadigics (NASDAQ:ANAD) has potential upside of 5.1% based on a current price of $1.19 and analysts' consensus price target of $1.25. Anadigics shares have support at the 50-day moving average (MA) of $1.09 and additional support at the 200-day MA of $0.85.

In the past 52 weeks, shares of Anadigics have traded between a low of $0.55 and a high of $1.92 and are now at $1.19, which is 116% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has slid 0.3%.

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.

SmarTrend is tracking the current trend status for Anadigics and will alert subscribers who have ANAD in their portfolio or watchlist when shares have changed trend direction.

Keywords: penny stocks anadigics

Ticker(s): ANAD