Let's not mess around here, get Anadigics, Inc (ANAD) on your trading screen now. I mean NOW, or it may be too late.

 

Put simply, ANAD has been beaten down recently over the past six months, trading at just a fraction of its recent 52 week highs.

 

And with an extreme oversold RSI reading of 30, we think ANAD could bounce big today.

 

And because of its high short interest and relatively small float, ANAD has a history throughout the years of making some monster short term runs. 

 

 

 

We haven't seen a bounce higher for some time (except for a 33% two day bounce in June). We think it is well overdue to bounce higher in the short term.

 

 

Here's Some Background on ANAD...

ANADIGICS, Inc. (ANAD) designs and manufactures innovative radio frequency solutions for the growing cellular, WiFi, and infrastructure markets. ANAD offers RF products with exceptional performance and integration to deliver a unique competitive advantage to OEMs and ODMs for mobile device, base station, CATV infrastructure, CATV subscriber, and industrial applications. The Company's award-winning solutions include power amplifiers, front-end ICs, front-end modules, line amplifiers, active splitters, tuners, and other RF components.

 

ANAD continues to break new ground in the global communications marketplace with industry-leading products for wireless and broadband applications. OEMs and ODMs worldwide are building devices with faster connections, extended battery life and a myriad of enhanced capabilities using ANADIGICS advanced GaAs RFICs. ANAD is powering the 4th generation technologies that are revolutionizing our world with smart homes, the mobile office and anywhere, anytime connectivity.

 

Founded in 1985 and headquartered in Warren, NJ, ANAD today has offices, design centers and manufacturing facilities spread across six countries and three continents. Their blend of technology innovation and adherence to major standards in the wireless and wireless broadband markets has resulted in ANAD products being featured in the world's most advanced reference designs from industry leaders. Working closely with our global partners and customers, ANAD continues to help define the requirements of next generation wireless applications and technology solutions.

 

From their state of the art, 6-inch GaAs manufacturing facility to their proprietary and patented InGaP-Plus^(TM) process, ANADIGICS technology leadership remains the driving force behind their products and success in the global wireless and wireless broadband markets.

 

For more info on ANAD, visit their website at http://www.anadigics.com

 

 

Make sure you are watching ANAD very closely all day today. We expect it to be highly liquid and there should be plenty of opportunities for gains at the open, and potentially from buying the dips throughout the day.

 

As usual, if there is any large gaps - be cautious and patient, looking for pullback opportunities or confirmation of continuation in momentum.

 

All the best.

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