Keryx Biopharmaceuticals Crosses Below its 10-day MA (KERX)

Published on Mon, 03/09/2015 - 11:20
By Peter Chu in Moving average crossovers, KERX, keryx biopharmaceuticals, moving crosses, nasdaq:kerx

Today, shares of Keryx Biopharmaceuticals (NASDAQ:KERX) have crossed bearishly below their 10-day moving average of $12.45 on a volume of 471K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Keryx Biopharmaceuticals (NASDAQ:KERX) has potential upside of 103.3% based on a current price of $12.21 and analysts' consensus price target of $24.82. The stock should find initial resistance at its 50-day moving average (MA) of $12.88 and further resistance at its 200-day MA of $14.64.

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.

In the past 52 weeks, shares of Keryx Biopharmaceuticals have traded between a low of $1.28 and a high of $18.48 and are now at $12.21, which is 854% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 1.14% lower over the past week, respectively.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of U.S. Steel Fall to a New 52-We...

U.S. Steel (NYSE:X) traded at a new 52-week low today of $15.68. Approximately 13.5 mi ...

Weyerhaeuser: The Losing Streak Continue...

Shares of Weyerhaeuser (NYSE:WY) traded today at $29.63, breaking its 52-week low. So ...

Watts Water Technologies: New 52-Week Lo...

Watts Water Technologies (NYSE:WTS) traded today at a new 52-week low of $48.09. Appro ...

Shares of W&T Offshore Fall to a New 52-...

W&T Offshore (NYSE:WTI) traded today at a new 52-week low of $3.95. So far today appro ...

Shares of WPX Energy Have Fallen Below P...

WPX Energy (NYSE:WPX) traded today at a new 52-week low of $7.96. So far today approxi ...

Shares of Whiting Petroleum Fall Below P...

Whiting Petroleum (NYSE:WLL) traded at a new 52-week low today of $20.94. This new low ...

Shares of Westmoreland Coal Fall to a Ne...

Westmoreland Coal (AMEX:WLB) traded today at a new 52-week low of $13.25. This new low ...

Shares of Windstream Fall to a New 52-We...

Shares of Windstream (NASDAQ:WIN) traded at a new 52-week low today of $4.42. This new ...