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IsoRay (ISR) Spikes Again on Announcement of Presentations at Weekend Conference

By  +Follow April 1, 2014 6:16AM
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Shares in small-cap health care company IsoRay (ISR) took off again on Tuesday after announcing plans to present five papers at the upcoming Annual Meeting of the American Brachytherapy Society (ABS).

"IsoRay is pleased to once again participate at the ABS annual meeting,” said CEO Dwight Babcock. “At this venue, thought leaders including Drs. Ron Benoit, Sushil Beriwal and Ryan P. Smith of the University of Pittsburg Medical Center (UPMC), Drs. Bhupesh Parashar and Gabriella Wernicke of Weill Cornell Medical College, and Dr. Brian Moran of the Chicago Prostate Center will be panelists or present their papers documenting their experiences and success in using our products.

IsoRay’s stock gapped up 17.3 percent to $2.58 a share with the opening bell and climbing to a high of $2.79 a share in choppy trading before pulling back to just under $2.60 by late morning. Shares were moving at a brisk clip, with over 17 million changing hands before noon against an average daily volume of just over 11.5 million.

The fact that the mere announcement of these presentations was enough to spike the stock like this would come as a surprise were it not for the wild March IsoRay just went through. The stock was trading at less than $1 a share until a March 14 article on Seeking Alpha prompted a boot to over $1.10 a share. However, it was five days later on March 19 when shares positively exploded following the announcement that IsoRay’s Cesium-131 brachytherapy had been used to effectively treat an aggressive form of cancer in a pediatric patient.

Since then, IsoRay has seen its volume skyrocket with big price swings on multiple days, including a pullback from 7-year highs after the announcement of a new public offering, then another rebound after the stock appeared to cross over into oversold territory.

The treatment driving IsoRay’s huge month is brachytherapy, or internal radiotherapy, using Cesium-131. It’s a method for radiation treatment of cancer that involves focused radiation through placing the radiation source, in IsoRay’s case a Cesium-131 seed mesh, into the human body surrounding the affected area.

However, beyond the science and fundamentals, it’s important to note that IsoRay appears to have become a popular momentum stock that’s closely watched by traders. Its average daily volume is more than 20 percent of its total float, and the stock’s heavy trading and incredible volatility is precisely what traders on the hunt for a quick play are looking for.

As such, the fact that the 14-day stochastic RSI for IsoRay’s stock had fallen below 0.20 is notable prior to the day’s surge. Stochastic RSI is popular with traders, and a level below 0.20 is traditionally viewed as oversold territory. And, while the 14-day RSI remains relatively high, it’s stayed under 70, the level above which stocks are traditionally viewed as being overbought, since its pull-back started on March 22.

So, with a news item to act as a catalyst and a buy signal from a key technical factor, it appears as though Wall Street’s favorite momentum play has struck again. Investors anticipating another big spike following the presentations at the conference, which takes place this weekend, could be trying to get in ahead of any new data that could be released, and it seems possible this action is getting buoyed by traders who, noting the stochastic RSI and the upward momentum, are jumping onto the big gains.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for ISR
BioInvestor
26 Mar 15 11:56:59
@BioInvestor2013 http://t.co/yPHq52JUiK … … … http://t.co/wvFRhVDfFf $IDIX $ACHN $TKRM $INO $CPRX $CTIC $incy $isis $GENE $ISR
BioInvestor
26 Mar 15 10:30:46
$BLRX Pipeline http://t.co/yPHq52JUiK … … http://t.co/wvFRhVDfFf $BLRX $TKRM $INO $CPRX $IDIX $ACHN $ATRS $GENE $ISR
Worldwide Financial
26 Mar 15 09:16:02
@Isoray #Cesium-131 is the first new isotope to be available in seed form for #brachytherapy in approximately 20 years. $ISR #Cancer
Michael
26 Mar 15 06:11:52
Watch list $CNAT $MAGS $FIVE $EXXI $HK $VPCO $AAPL $ISR $REXX
WKRB News
26 Mar 15 02:06:40
IsoRay Short Interest Up 0.7% in March $ISR http://t.co/BH0hwyaYKp
Breaking News
26 Mar 15 01:30:02
$ISR: Short Interest in IsoRay Increases By 0.7% (ISR): http://t.co/xZMm9Mr1L8
US Banking News
26 Mar 15 01:28:31
Short Interest in IsoRay Increases By 0.7% $ISR http://t.co/O0Bcz7mAoF
Bilo Selhi
25 Mar 15 07:51:46
Members alerted to $CAPN +30% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/8JixOZHNV3 $ORMP $SLTD $DGLY $PFNX $NEON $CNDO $ISR
Bilo Selhi
25 Mar 15 07:28:25
Members alerted to $EYES +16% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/p6wJgmBBDT $ORMP $SLTD $DGLY $PFNX $NEON $CNDO $ISR
Recognia
25 Mar 15 07:07:12
IsoRay Inc (ISR:AMEX) formed bullish "Symmetrical Continuation Triangle" chart pattern http://t.co/PkIaMiiRSa $ISR
Bilo Selhi
25 Mar 15 07:05:04
If you don't consistently find trades like $CUBA +18%, then http://t.co/uAcamNRUPt http://t.co/8nHbWMKinw $CNDO $ISR $FRSH $GNVC $BTX
John Wu
25 Mar 15 07:04:11
$VBLT looks beautiful here. bidding 3k and adding 1k every dip. Also watching $MELA $ISR $VCEL $ATOS $SONS $WG $CUR $RADA $CAPN $BIOC $GENE
Erik Pike
25 Mar 15 06:56:54
Commented on StockTwits: Just means they are playing the game. Maxim says good things and then benefits when $ISR... http://t.co/r2KfEZ8rOU
Trevor
25 Mar 15 06:55:20
$ISR being a dog today with presentation Saturday
Kelly Bancroft
25 Mar 15 06:38:50
RT @Pennystocksexy: Bad day for $IJJP today... $MINE $VMGI $SUTI $PVSP $ISR $VPOR $ECIG $NTEK http://t.co/R5HccKitcL
Erik Pike
25 Mar 15 06:26:16
$ISR "Maxim Group expects to receive or intends to seek compensation for investment banking services from IsoRay Inc in the next 3 months."
Bilo Selhi
25 Mar 15 06:06:41
http://t.co/uAcamNRUPt members alerted to $VRNG +17% See track record and join today http://t.co/3ZuBRHX2Zh $CNDO $ISR $FRSH $GNVC $BTX
Michael
25 Mar 15 06:00:19
Watchlist $KFX $KRFT $VBLT $MRNS $GPRO $ISR $FXCM $RADA $AAPL $LL
Bilo Selhi
25 Mar 15 05:07:33
Interested in momentum stocks about to run? SUBSCRIBE: http://t.co/uAcamNRUPt http://t.co/AzWPki9jeI $CNDO $ISR $FRSH $GNVC $BTX
Bilo Selhi
25 Mar 15 03:47:41
If you don't consistently find trades like $CUBA +18%, then http://t.co/uAcamNRUPt http://t.co/8nHbWMKinw $CNDO $ISR $FRSH $GNVC $BTX
Bilo Selhi
25 Mar 15 03:24:21
Members alerted to $HOTR +23% http://t.co/bV3IRV1UNV SEE TRACK RECORD http://t.co/W3gditBjAt $ISR $FRSH $GNVC $BTX $CRMD $CRIS $MDXG
Bilo Selhi
25 Mar 15 02:49:19
Members alerted to $CAPN +30% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/mAugeN0wA4 $ORMP $SLTD $DGLY $PFNX $NEON $CNDO $ISR
Bilo Selhi
25 Mar 15 02:02:40
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Bilo Selhi
25 Mar 15 01:04:18
http://t.co/uAcamNRUPt members alerted to $VRNG +17% See track record and join today http://t.co/3ZuBRHX2Zh $CNDO $ISR $FRSH $GNVC $BTX
Bilo Selhi
24 Mar 15 20:47:31
If you don't consistently find trades like $CUBA +18%, then http://t.co/uAcamNRUPt http://t.co/8nHbWMKinw $CNDO $ISR $FRSH $GNVC $BTX
Bilo Selhi
24 Mar 15 20:19:10
http://t.co/uAcamNRUPt subscribers alerted to 10-250% gain stocks. JOIN NOW Promo http://t.co/oEiYPiwrNB $CNDO $ISR $FRSH $GNVC $BTX
dailystockplays.com
24 Mar 15 19:49:47
CCI Over 100 http://t.co/m7Khb4X3xn $SPLS $MDT $VGK $ISR $EA $TMUS $MBI $CPE $ALSN $TASR $RHT $EWP $ROST $MEG $GRFS $TRUE $AHS $CONN $EPP
Bilo Selhi
24 Mar 15 19:32:28
See the latest stock #PROFITS that members are making http://t.co/mmLY3mYytj. Join today! $CNDO $ISR $FRSH $GNVC $BTX $NEON
Bilo Selhi
24 Mar 15 18:34:05
$VGGL +16%. Alerted by http://t.co/uAcamNRUPt SEE TRACK RECORD & SUBSCRIBE http://t.co/5QuLdACbil $CNDO $ISR $FRSH $GNVC $BTX
Bilo Selhi
24 Mar 15 17:47:21
Bilo Selhi Stock Alert members are having phenomenal success http://t.co/mmLY3mYytj $CNDO $ISR $FRSH $GNVC $BTX
Michael
24 Mar 15 17:32:58
$ISR nice long set up http://t.co/TdWoiNKC4G
Bilo Selhi
24 Mar 15 17:24:00
Members alerted to $HOTR +23% http://t.co/bV3IRV1UNV SEE TRACK RECORD http://t.co/W3gditBjAt $ISR $FRSH $GNVC $BTX $CRMD $CRIS $MDXG
Bilo Selhi
24 Mar 15 16:48:57
Members alerted to $CAPN +30% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/8JixOZHNV3 $ORMP $SLTD $DGLY $PFNX $NEON $CNDO $ISR
Bilo Selhi
24 Mar 15 16:25:36
Members alerted to $EYES +16% http://t.co/W3gditBjAt SEE TRACK RECORD http://t.co/p6wJgmBBDT $ORMP $SLTD $DGLY $PFNX $NEON $CNDO $ISR
Bilo Selhi
24 Mar 15 16:02:14
If you don't consistently find trades like $CUBA +18%, then http://t.co/uAcamNRUPt http://t.co/8nHbWMKinw $CNDO $ISR $FRSH $GNVC $BTX
Bilo Selhi
24 Mar 15 15:03:45
http://t.co/uAcamNRUPt members alerted to $VRNG +17% See track record and join today http://t.co/3ZuBRHX2Zh $CNDO $ISR $FRSH $GNVC $BTX
Guru Trader Tweet
24 Mar 15 14:51:49
movers wVol: $TXMD #Thera 6.67+3%1m, $BTX 5.44+8%1M YH #cancer, $INUV 1.83+5% YH wwwAds +Q4, $ISR 1.69+9% 3M #medtech http://t.co/E0yY9tiWp8
Bilo Selhi
24 Mar 15 14:05:15
Interested in momentum stocks about to run? SUBSCRIBE: http://t.co/uAcamNRUPt http://t.co/AzWPki9jeI $CNDO $ISR $FRSH $GNVC $BTX
Michael
24 Mar 15 13:28:06
RT @stt2318: $ISR long setup http://t.co/9IST8beuUs
stt2318
24 Mar 15 13:19:00
$ISR long setup http://t.co/9IST8beuUs
Bilo Selhi
24 Mar 15 13:18:33
http://t.co/uAcamNRUPt subscribers alerted to 10-250% gain stocks. JOIN NOW Promo http://t.co/oEiYPiwrNB $CNDO $ISR $FRSH $GNVC $BTX
Bilo Selhi
24 Mar 15 12:31:31
See the latest stock #PROFITS that members are making http://t.co/mmLY3mYytj. Join today! $CNDO $ISR $FRSH $GNVC $BTX $NEON
Large Void Bot
24 Mar 15 12:31:11
15:31 Pops: $ISR +3.5%
bluefeather
24 Mar 15 12:09:08
$ISR once a turd always a turd, it never lets you down
DaddyGetBuks
24 Mar 15 11:34:53
$ISR ☆☆☆ $TINO ☆☆ Can it close above 7,
Bilo Selhi
24 Mar 15 11:33:05
$VGGL +16%. Alerted by http://t.co/uAcamNRUPt SEE TRACK RECORD & SUBSCRIBE http://t.co/5QuLdACbil $CNDO $ISR $FRSH $GNVC $BTX
dominic
24 Mar 15 11:05:20
$ISR am I reading this wrong.. Shouldn't the stk be up a lot more.
Worldwide Financial
24 Mar 15 10:54:05
$ISR shows significant results in treating several Body Sites including #Brain #Gynecological #Prostate #Lung #Breast http://t.co/uB0QISonFN
bluefeather
24 Mar 15 10:50:39
big chatroom shorting $ISR, will be interesting to see if hedgie squeezes them, not in
Bilo Selhi
24 Mar 15 10:46:23
Bilo Selhi Stock Alert members are having phenomenal success http://t.co/mmLY3mYytj $CNDO $ISR $FRSH $GNVC $BTX
				
				
By  +Follow April 1, 2014 6:16AM
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