• Return to Headlines

Traders Abandon Ship on Shares of Keryx Biopharmaceuticals, Shares Down 2.9% (KERX)

Written on Thu, 07/15/2010 - 9:41am
By Chip Brian

Keryx Biopharmaceuticals (NASDAQ:KERX) is one of today's worst performing low-priced stocks, down 2.9% to $3.99 on 0.3x average daily volume. Approximately 972,000 shares have traded hands today vs. 30-day average volume of 3.1 million shares.
High volume often signals a change in trends. Shares of Keryx Biopharmaceuticals are currently trading below their 50-day moving average (MA) of $4.54 and should find support at their 200-day MA of $3.22.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Keryx Biopharmaceuticals is in SmarTrend's Drug Manufacturers- Major industry and this industry is currently in a Downtrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
SmarTrend is bearish on shares of Keryx Biopharmaceuticals and our subscribers were alerted to sell on May 20, 2010 at $4.55. The stock has fallen 12.3% since the alert was issued.

Keywords: keryx biopharmaceuticals low priced stock

Ticker(s): KERX

Contact Chip Brian



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/morning-call-newsletter-signup.