Talon Therapeutics, Inc.TLON
It seems many folks are jumping on the TLON bandwagon after yesterday’s FDA approval announcement. We first began mentioning TLON on July 23rd, and have talked about it quite a bit since then. At the time, 1.34 was the low. In the week following it managed a high of 1.83 for a 37% gain. On August first, the stock had cropped back to .81, only to turn around the next day and run to 1.27, for an added 57% gain.
Yesterday the range was .82 to 1.23, on over 7X its 3mo average volume. The announcement seems to have brought even more traders to the party than there were anticipating the announcement. Opportunity should continue to knock as word travels on TLON.
Be sure to tune into today’s conference call regarding all the latest TLON happenings:
| Date: | August 10, 2012 | |
| Time: | 12:00pm EDT, 9:00am PDT | |
| Dial-in (US and Canada): | (877) 681-1326 | |
| Dial-in (International): | (708) 290-1158 | |
| Webcast: | www.talontx.com | |
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A123 Systems, Inc. AONE
Yesterday AONE broke the previous session’s high, hitting a new high of .62, and closing at the 20DMA of .61.
We are looking for the momentum to continue, as the stock appears to be gapping up this morning. The next major patch of resistance should come at around .88.
The RSI is coming off of being oversold. The blue bars on the histogram just flipped up to the bullish side. We have a PPO that is pinching, and ready to cross over. The Slow STO did cross and is starting to head north toward the 50DMA.
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