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Stock to Watch: Anadigics Up 5.1% (ANAD)
[May 03, 2013]

Stock to Watch: Anadigics Up 5.1% (ANAD)

May 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Anadigics (NASDAQ:ANAD) is one of today's best performing low-priced stocks, up 5.1% to $2.09 on 1.2x average daily volume. Anadigics has traded 837,000 shares thus far today, vs. average volume of 679,000 shares per day. The stock has outperformed the Dow (5.1% to the Dow's 1.1%) and outperformed the S&P 500 (5.1% to the S&P's 1.2%) during today's trading.

Over the past year, Anadigics has traded in a range of $1.05 to $2.87 and is now at $2.09, 99% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 2.2%.

There is potential upside of 27.3% for shares of Anadigics based on a current price of $2.09 and an average consensus analyst price target of $2.66. The stock should discover initial support at its 50-day moving average (MA) of $1.98 and subsequent support at its 200-day MA of $1.77.


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 recommended that its subscribers protect gains by selling shares of Anadigics on March 1st, 2013 by issuing a Downtrend alert when the shares were trading at $2.09. Since that call, shares of Anadigics have fallen 4.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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