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Jonathan Spencer
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http://www.bullseyestox.com/ Bullseyestox is a service that writes about Companies and disseminate the information to our members via email. We adopt various strategies that are fitting for the securities that we trade. Most of our penny stock picks are pro-bono and are based on technical... More
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  • KERX Chart 0 comments
    Apr 23, 2012 7:20 PM | about stocks: KERX

    Keryx Biopharmaceuticals, Inc. (KERX) is a biopharmaceutical company focused on the acquisition, development and commercialization of pharmaceutical products for the treatment of cancer and renal disease.

    This stock has had its share of gyrations. It has a 52 week high of around $5.55 and has a bunch of followers and investors who are enthusiastic about its KRX-0401 (perifosine), an oral anti-cancer agent that inhibits Akt activation in the phosphoinositide 3-kinase (PI3K).

    Note that the stock did not move based on the KRX-0401 today. KERX moved today on news about their drug Zerenex (ferric citrate), an oral, iron-based compound that has the capacity to bind to phosphate in the gastrointestinal tract and form non-absorbable complexes. Zenerex got a positive review from a study in Japan thereby causing the stock to react positively. Is there more in the tank?

    This stock has a 200 day moving average of $3.27, and a 50 day moving average of $3.23. Can the stock rally back to these levels on this positive study?

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: KERX
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