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

Wolverine World Wide Looks to Continue t...

Wolverine World Wide (NYSE:WWW) traded today at a new 52-week high of $32.42. Approxim ...

Recent 52-Week Low Surpassed in Shares o...

Windstream (NASDAQ:WIN) traded at a new 52-week low today of $7.36. So far today appro ...

Verint Systems: The Winning Streak Conti...

Shares of Verint Systems (NASDAQ:VRNT) traded today at $63.48, breaking its 52-week hig ...

Watch for Continued Losses in Shares of ...

Shares of Vivo Participacoes (NYSE:VIV) traded today at $14.66, breaking its 52-week lo ...

Shares of Vascular Solutions Have Risen ...

Vascular Solutions (NASDAQ:VASC) traded at a new 52-week high today of $31.35. Approxi ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded at a new 52-week low today of $8.77. T ...

Tim Participacoes: The Losing Streak Con...

Shares of Tim Participacoes (NYSE:TSU) traded today at $16.29, breaking its 52-week low ...

Tidewater: The Losing Streak Continues (...

Tidewater (NYSE:TDW) traded today at a new 52-week low of $19.75. So far today approxi ...