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Anadigics(ANAD) is a provider of semiconductor solutions in the broadband wireless and wireline communications markets. This stock is trading up 2.5% to $2.41 in recent trading.
Today's Range: $2.37-$2.50
52-Week Range: $1.92-$4.19
Three-Month Average Volume: 458,473
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From a technical perspective, ANAD is moving modestly higher today on decent volume. This move is pushing the stock within range of triggering a near-term breakout trade. That trade will hit once ANAD takes out some near-term overhead resistance at $2.47, and then closes above its 50-day moving average of $2.63 with volume.
Traders should look for long-biased trades once ANAD moves and closes over those levels with volume that's near or well above 458,473 shares. If we get that action, then traders should add to any long positions once ANAD takes out $2.78 with volume. That move will setup ANAD for a run back towards its February high of $3.22.