Written on Wed, 04/07/2010 - 11:34
By Chip Brian
SmarTrend identified an Uptrend for Anadys Pharmaceuticals (NASDAQ:ANDS) on December 03, 2009 at $2.58. In approximately 4 months, Anadys Pharmaceuticals has returned 7.7% as of today's recent price of $2.78.
Anadys Pharmaceuticals is currently above its 50-day moving average of $2.20 and above its 200-day moving average of $2.23. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Anadys Pharmaceuticals shares.
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