[April 30, 2013] Upgrade Alert for Anadigics (ANAD) Tweet Apr 30, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Anadigics (NASDAQ:ANAD) was upgraded from Hold to Buy at Craig-Hallum today. The stock closed yesterday at $1.97 on volume of 470,000 shares, below average daily volume of 591,000. There is potential upside of 35.2% for shares of Anadigics based on a current price of $1.97 and an average consensus analyst price target of $2.66. The stock should find resistance at its 50-day moving average (MA) of $2.01, as well as support at its 200-day MA of $1.76. 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, shares of Anadigics have traded between a low of $1.05 and a high of $2.87 and closed yesterday at $1.97, which is 88% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has remained constant. 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 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 [ Back To TMCnet.com's Homepage ]