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

By  +Follow April 1, 2014 6:16AM
Tickers Mentioned:

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. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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Results for ISR
27 Aug 15 17:30:03
$ISR Institutional ownership up 17.5% Q/Q, with 465,542 net purchase http://t.co/lqRBEQQjHb http://t.co/mRs3uMw5Fw
Stocks News&Markets
27 Aug 15 16:20:55
Nate made $2,300 on $ISR -Check it out! http://t.co/2Fx5UOzgDr Learn #howtotrade http://t.co/axK8SMSgo9 $STXS $CRK $BTU $GGACW $LINE
27 Aug 15 14:21:14
$ISR News - Ireland Standardizes on seed based brachytherapy for prostrate cancer treatment throughout public system http://t.co/duhqpKGpHp
Brad Birkholz
27 Aug 15 12:16:08
Stocks News&Markets
27 Aug 15 09:20:17
Nate made $7,556 on $ISR -Check it out! http://t.co/W24Arpj7Du Learn #howtotrade http://t.co/axK8SMSgo9 $BTU $ACI $GGACW $NQ $NADL
Future Tech Investor
27 Aug 15 08:14:24
brian sweetheart
27 Aug 15 06:02:44
Voted top trading group. http://t.co/5eVXN8RJLp Related: $ISR $HK $NUGN $OXIS $HL $OIBR $RGSE
27 Aug 15 02:32:02
$ISR: Wall Street analysts bullish on ISR's earnings growth: http://t.co/i6hjJP3KG3 http://t.co/BXUcQTqREg
27 Aug 15 01:12:03
$ISR: Short Interest in IsoRay Decreases By 1.0% (ISR): http://t.co/gO8K4mwe6u
Stocks News&Markets
26 Aug 15 12:20:46
Nate made $2,300 on $ISR -Check it out! http://t.co/2Fx5UOzgDr Learn #howtotrade http://t.co/axK8SMSgo9 $ABGB $PSUN $FORD $CVEO $LRE
Worldwide Financial
26 Aug 15 08:37:30
RT @WatchTheFunds: $ISR Institutional ownership up 17.5% Q/Q, with 465,542 net purchase http://t.co/lqRBEQQjHb http://t.co/OWMY1wnJla
26 Aug 15 07:55:38
Why ISR Is DOWN 3% Today http://t.co/s0qKJrp2bg $ISR
26 Aug 15 01:38:33
ISR IsoRay Inc. Ask Size http://t.co/VFcQpcvGB3 $ISR $TVIX $XLI $VDC #ISR #tradeideas #tradeideas
26 Aug 15 01:34:20
CXO Concho Resources Inc. Bid http://t.co/UDqOmzGyxm $CXO $ISR $SPXL $BBY #CXO #pennystocks #stock
Mr Bentley Onelly
26 Aug 15 01:19:49
After Hours Movers $DY $SLH $OSK $SRPT $RIG $ISR $CENX $MSLP:
25 Aug 15 18:40:46
@Christiforv $AVEO $IBIO $BIOS $isr notice isr is in lowercase (not to proud on that one)
Craig Garbers
25 Aug 15 18:05:37
RT @theflynews: On The Fly: After Hours Movers $DY $SLH $OSK $SRPT $RIG $ISR $CENX $MSLP: Full Story http://t.co/08pD1uh9iv
25 Aug 15 18:00:03
$ISR Institutional ownership up 17.5% Q/Q, with 465,542 net purchase http://t.co/lqRBEQQjHb http://t.co/OWMY1wnJla
Who wants to know?
25 Aug 15 16:53:20
RT @theflynews: On The Fly: After Hours Movers $DY $SLH $OSK $SRPT $RIG $ISR $CENX $MSLP: Full Story http://t.co/08pD1uh9iv
Donald J Olive
25 Aug 15 16:18:22
RT @theflynews: On The Fly: After Hours Movers $DY $SLH $OSK $SRPT $RIG $ISR $CENX $MSLP: Full Story http://t.co/08pD1uh9iv
The Fly
25 Aug 15 15:47:24
On The Fly: After Hours Movers $DY $SLH $OSK $SRPT $RIG $ISR $CENX $MSLP: Full Story http://t.co/08pD1uh9iv
25 Aug 15 15:26:50
Why ISR Is DOWN In After Hours Trading IsoRay http://t.co/j0Kg7ZQ5uV $ISR
25 Aug 15 15:22:13
After Hours Trading Down $CENX $ISR $RIG http://t.co/bdoVuVQgus
Stock Trade Alerts
25 Aug 15 14:55:06
After-Hours Stock Movers 08/25: $OSK $SLH $SRPT Higher; $RIG $ISR Lower (more...) http://t.co/X2NcVjIriI ~ via @AlertTrade
25 Aug 15 14:52:23
After-Hours Stock Movers 08/25: $OSK $SLH $SRPT Higher; $RIG $ISR Lower (more...) http://t.co/yEyFdeE1TS
Worldwide Financial
25 Aug 15 13:39:46
$ISR @Isoray Files S-3 http://t.co/fL35WYWQX2 ...Really?
25 Aug 15 13:12:00
RT @BioRunUp: $ISR $20M shelf
25 Aug 15 13:11:52
smooth move $ISR filing an offering during this shit storm. #StayClassy
25 Aug 15 13:10:02
$ISR: New SEC Filing for ISR: Form S-3 (No. 0001144204-15-051749): http://t.co/4QNSwvDI0p
25 Aug 15 13:09:27
$ISR $20M shelf
Latest SEC Filings
25 Aug 15 13:09:22
NEW SEC Filing for $ISR filed a moment ago: http://t.co/XXpcWKmvHM http://t.co/SRZCSklgDK
25 Aug 15 13:07:08
$ISR - Securities Registration Statement (simplified Form) (s-3) http://t.co/OmhxgIupOm
Steve Feffer
25 Aug 15 13:05:59
$ISR S-3 now 1.36
25 Aug 15 12:13:54
Isra Vision AG $ISR Rating Has been downgraded by SADIF. http://t.co/ZXQplNnrHk
Daily Contracts
25 Aug 15 09:19:05
Real-Time feed of company contracts, original agreements and executive updates from $ISR http://t.co/NocSfuTYy8
Stocks News&Markets
25 Aug 15 08:20:02
Nate made $2,300 on $ISR -Check it out! http://t.co/2Fx5UOzgDr Learn #howtotrade http://t.co/axK8SMSgo9 $ADAT $FORD $ESI $BONT $ABGB
Stocks News&Markets
24 Aug 15 11:20:30
Nate made $7,556 on $ISR -Check it out! http://t.co/W24Arpj7Du Learn #howtotrade http://t.co/axK8SMSgo9 $GAS $SPEX $CVOL $NETE $HUB.A
21 Aug 15 14:09:24
Hold and hope is not a strategy http://t.co/mOFylmXsmX... $UWTI $BBRY $JCP $LOCO $GRPN $ISR trade predefined setups with proven strategy
Mishaal Radi
21 Aug 15 07:30:11
$ISR buyers
20 Aug 15 11:55:02
$ISR: Wall Street analysts bullish on ISR's earnings growth: http://t.co/i6hjJP3KG3 http://t.co/Dih6noN3y9
James Clark
20 Aug 15 07:50:52
$CLTX If you are longing rememebr $ISR Back in mid may. I can see sub $2 here today
High Octane
19 Aug 15 13:38:59
Some small bios on watch: $KBIO $CANF $XTLB $CLDN $DARA $ELMD $ISR $ECTE $WGBS
Stock Dragon
19 Aug 15 12:21:00
$ISR Somebody doesnt want this to get below 1.49. Every time it looks like it is gonna crack, more bids come in. Accumulation?
Anmol Chandhok
19 Aug 15 09:34:02
Commented on StockTwits: Yes we swing trade as well. Right now ive got $GD $SYK Longs open..Tiny $ISR position an... http://t.co/lfeVbndT5i
By  +Follow April 1, 2014 6:16AM



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