Keryx Biopharmaceuticals Makes a Move: Up 2.2%

Published on Fri, 04/19/2013 - 12:25
By Robert Cotter in Market movers, KERX, keryx biopharmaceuticals, market movers, nasdaq:kerx

Keryx Biopharmaceuticals (NASDAQ:KERX) is one of today's biggest movers, up 2.2% to $7.78. The S&P is trading higher by 0.5% to 1,550 and the Dow is trading 0.3% lower to 14,499.

In the past 52 weeks, shares of Keryx Biopharmaceuticals have traded between a low of $1.28 and a high of $9.98 and are now at $7.78, which is 508% above that low price. Over the past week, the 200-day moving average (MA) has gone up 3.2% while the 50-day MA has advanced 0.3%.

Keryx Biopharmaceuticals (NASDAQ:KERX) has potential upside of 65.3% based on a current price of $7.78 and analysts' consensus price target of $12.86. The stock should find initial support at its 50-day moving average (MA) of $7.14 and further support at its 200-day MA of $3.82.

Keryx Biopharmaceuticals, Inc. is a biopharmaceutical company focused on the acquisition, development, and commercialization of novel pharmaceutical products for the treatment of life-threatening diseases, including diabetes and cancer. Keryx is developing KRX-101 (sulodexide), a novel first-in-class oral heparinold compound for the treatment of diabetic nephropathy.

By Robert Cotter
rcotter@fnno.com

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