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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
Vince
21 Aug 14 05:30:18
$ISR http://t.co/BD2JNvnUup
FonsieTrader
21 Aug 14 05:08:23
Bullish MACD Crossovers 1/2 $ACST $AGN $AIV $AMTD $BEAV $BHI $BSX $CENX $CHS $EC $ENB $ESV $EXH $GRPN $IBM $ISR http://t.co/fbQTdX3mHP
Rambouillet Sheep
20 Aug 14 20:22:10
RT @ryanmathews: $ISR testing sma100. watching volume
Ryan
20 Aug 14 20:11:42
$ISR testing sma100. watching volume
Market News
20 Aug 14 13:28:17
$ISR: Wi2Wi Corp names Prakash Hariharan as vice chairman of board and interim CEO http://t.co/5uXKHXgQKQ http://t.co/cRrkcBMbFw
SlaninaStocks
20 Aug 14 12:39:44
Took half off $ISR 2.57 +.09
Wall Street Wizard
20 Aug 14 12:17:12
$ISR IsoRay(ISR) NSCLC Study To Be Released Soon Expect 90% Success Rate http://t.co/CK5QpyvlQr
BarracudaTrades
20 Aug 14 11:29:08
$ISR needs to pullback before she rips again. that is CUDA thesis hope I am right if not I miss and will just scalp it long
BarracudaTrades
20 Aug 14 11:26:50
$ISR cuda members out with 2.5% gains from this morning 2.49 entry I will watch for re entry
Worldwide Financial
20 Aug 14 10:04:44
Medical Device Stocks Report $ISR #medicaldevice #oncology http://t.co/JKgcfIGTLv
Financial Headlines
20 Aug 14 09:27:57
$ISR: Wi2Wi Corp announces closing of non-brokered private placement offering http://t.co/0o0c9XEjTk http://t.co/kYenE9h71f
StockAviator.com
20 Aug 14 08:56:24
RT @TraderNewsDaily: $ATCH now up 45% Related: $SYN $FSGI $EVLI $BIGG $GRLT $TAUG $REVI $JALA $EPGL $PGLO $CPAH $NVLX $MSTX $MONIF $MNAP $P…
Trader News Daily
20 Aug 14 08:47:41
$ATCH now up 45% Related: $SYN $FSGI $EVLI $BIGG $GRLT $TAUG $REVI $JALA $EPGL $PGLO $CPAH $NVLX $MSTX $MONIF $MNAP $PHOT $ISR $AEZS $HTSC
Battleflag
20 Aug 14 08:30:31
longer swing setups - $isr $ctic $snmx
BarracudaTrades
20 Aug 14 07:51:36
$ISR the buying stops the selling stops longs will win and people crazy for not buying it right now
Dan Wessler
20 Aug 14 07:28:54
$ISR - Volume and price spike this morning. Keeping a watch on this one. #oncologyplay
Bulls vs Bears
20 Aug 14 07:28:03
$ISR: ISORAY, INC. Files SEC form 8-K, Change in Directors or Principal Officers http://t.co/rjGHyQl62x http://t.co/3TnKYBt7AT
Day Trade Alerts
20 Aug 14 07:25:46
via #AlertTrade 5-min Candle Alert $ISR - ISORAY #daytrader #stocks http://t.co/VS8RO0UwVJ
Greg
20 Aug 14 07:23:36
RT @stt2318: $ISR seriously coiled... 2.46 looks key spot...
Dan
20 Aug 14 07:21:39
RT @stt2318: $ISR seriously coiled... 2.46 looks key spot...
BarracudaTrades
20 Aug 14 07:11:34
$ISR 2.80 my target and could be very fast
BarracudaTrades
20 Aug 14 07:04:01
"@Barracudatrades: 2.49 CUDA members get in ISR" $ISR
MoneyEmpire
20 Aug 14 07:02:23
$ISR nice move today
FOREX Insight
20 Aug 14 07:00:58
RT @stt2318: $ISR seriously coiled... 2.46 looks key spot...
Eli Pritsker
20 Aug 14 06:59:11
$ISR on the move
SlaninaStocks
20 Aug 14 06:59:02
Long $ISR 2.48
Hacktheripper
20 Aug 14 06:58:05
$ISR watching for 2.50 break
Billy D.
20 Aug 14 06:57:51
$isr ncie chart
stt2318
20 Aug 14 06:56:58
$ISR seriously coiled... 2.46 looks key spot...
Wall Street Wizard
19 Aug 14 18:47:47
$ISR http://t.co/oC43QKydPJ should be coming soon study comepleted in May 2014 should be this quarter
Geek on Stocks
19 Aug 14 17:36:09
$ISR May be the reversal going into lung news.
Stanley Boothe
18 Aug 14 13:47:00
RT @BLOCKTRADER1123 As per Investor Relations Dwight Babcock, CEO 520-240-4840 Earnings 9/29 $ISR http://t.co/UYdJDvWu7n via @YahooFinance
Antonio Scaletti
18 Aug 14 11:21:32
Called $MOBI $FONR last week, this week I'm still interested in long $KOOL $ISR $GIGA $GERN $RNN $MNGA $XGTI $OPTT
Market Updater
18 Aug 14 07:27:53
$ISR: Wi2Wi Corp Secures First Production Order http://t.co/agR2oDfR8M http://t.co/cf2ytZwGEb
Erik Pike
18 Aug 14 07:05:35
$ISR Just remember the private placement of shares at 2.60 acts as a magnet.
Investors Hangout
18 Aug 14 03:22:16
Stock_Tracker: Isoray Inc (ISR) 2.42 $ISR Hot Stock: IsoRay, http://t.co/xfzbUCmMuC
Investors Hangout
18 Aug 14 03:22:14
Stock_Tracker: Isoray Inc (ISR) 2.42 $ISR Hot Stock: IsoRay, http://t.co/ECcrJsrS15
chartguy89
17 Aug 14 23:18:25
ISR 2.42 Stock Charts $ISR IsoRay Inc. (NYSE MKT) Last Updated: 08/18/2014 01:18:26 ISR Stock Chart - 1 Month http://t.co/n107cwjY6o
Edward Lefevre
16 Aug 14 07:29:35
@super_trades you were an accountant right?? So publish your stock portfolio performance for everyone to see. $ISR $REED $FSI
Business News
16 Aug 14 01:27:36
$ISR: Wi2Wi Corp Announces Appointment Of Interim Chief Financial Officer http://t.co/9coFrr89AD http://t.co/8IOjjzHEZX
Investors Hangout
16 Aug 14 00:47:05
chartguy89: ISR 2.42 Stock Charts $ISR IsoRay Inc. (NYSE MKT) http://t.co/nBdPPy1EHv
Investors Hangout
16 Aug 14 00:47:05
chartguy89: ISR 2.42 Stock Charts $ISR IsoRay Inc. (NYSE MKT) http://t.co/F3VuDuJNA7
Antonio Scaletti
15 Aug 14 14:37:47
Over recent previous tweets $CTIC $GERN $GIGA $ISR $ADEP Bollinger Band Squeeze on several time frames. Ready to tee off.
Wall Street Wizard
15 Aug 14 05:58:46
$ISR nstitutional Ownership 06.09% http://t.co/WXYLNYGeZy
chartguy89
14 Aug 14 23:28:08
ISR 2.44 Stock Charts $ISR IsoRay Inc. (NYSE MKT) Last Updated: 08/15/2014 01:28:17 ISR Stock Chart - 1 Month http://t.co/WI6uCMv9XH
Financial Headlines
14 Aug 14 13:27:57
$ISR: ISORAY, INC. Files SEC form 8-K/A, Submission of Matters to a Vote of Security Holders http://t.co/GK7xXoDksq http://t.co/n9PJgJzKHB
VisualStock Resource
14 Aug 14 13:10:55
$ISR - Current Report Filing (8-k) http://t.co/fQaEFiEm5N
StockNews
14 Aug 14 13:10:40
$ISR - Current Report Filing (8-k) http://t.co/7PEZt9UKeu
Pzaa...Guy
14 Aug 14 13:10:32
$ISR - Current Report Filing (8-k) http://t.co/3cAEjzsZQi
4-traders.com
14 Aug 14 13:10:16
ISORAY : Change in Directors or Principal Officers (form 8-K) http://t.co/FNiM322bks $ISR
				
				
By  +Follow April 1, 2014 6:16AM
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