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Stock to Watch: Amicus Therapeutics Down 20.3% (FOLD)
Feb 15, 2013 (SmarTrend(R) Spotlight via COMTEX) --
Amicus Therapeutics (NASDAQ:FOLD) is one of today's worst performing low-priced stocks, down 20.3% to $3.10 on 2.2x average daily volume. Amicus Therapeutics has traded 2.9 million shares thus far today, vs. average volume of 1.3 million shares per day. The stock has underperformed the Dow (-20.3% to the Dow's 0.1%) and underperformed the S&P 500 (-20.3% to the S&P's 0.0%) during today's trading.
Amicus Therapeutics (NASDAQ:FOLD) has potential upside of 57.3% based on a current price of $3.10 and analysts' consensus price target of $4.88. Amicus Therapeutics shares should first meet resistance at the 50-day moving average (MA) of $4.03 and find additional resistance at the 200-day MA of $4.91.
Over the past year, Amicus Therapeutics has traded in a range of $2.47 to $7.29 and is now at $3.10, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.7% while the 200-day MA has slid 0.5%.
Amicus Therapeutics, Inc. is a biopharmaceutical company that develops orally-administered, small molecule drugs to treat human genetic diseases. The drugs, called pharmacological chaperones, are being developed to treat Fabray, Gaucher, and Pompe disease.
SmarTrend recommended that subscribers consider buying shares of Amicus Therapeutics on January 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.77. Since that recommendation, shares of Amicus Therapeutics have risen 3.3%. We continue to monitor FOLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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