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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
ProTradersNews
30 Jan 15 00:06:07
$ISR: IsoRay Sees Large Decline in Short Interest (ISR): http://t.co/mcfnTqhefD
InterCooler
30 Jan 15 00:03:09
IsoRay Sees Large Decline in Short Interest $ISR http://t.co/tVGbF0DLgx
Stocks News&Markets
29 Jan 15 22:21:01
Nate made $3,052 on $ISR -Check it out! http://t.co/BIpiZhAu4Z Learn #howtotrade http://t.co/axK8SMSgo9 $ATOS $ANFI $ZAZA $VII $GULTU
Bobby J
29 Jan 15 17:20:36
RT @otcaddict: http://t.co/m3VHTbxguf $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stoc…
pennystock seeker
29 Jan 15 13:53:32
RT @rbalerts: http://t.co/JdFE3lNnLO $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stock…
Ragingbull alerts
29 Jan 15 13:44:52
http://t.co/JdFE3lNnLO $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
OTCADDICT
29 Jan 15 13:39:10
http://t.co/m3VHTbxguf $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Dagger Hook Trader
29 Jan 15 13:09:15
http://t.co/golcyIRshH $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
AllPUMPnodump
29 Jan 15 12:52:54
http://t.co/IMbaS4JKZ3 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
biotech savant
29 Jan 15 12:40:57
@BioInvestor2013 why did you block me bro? I'm a fan... We been thru $ISR and $GVCRZ together man
Heikin Ashi
29 Jan 15 12:22:49
$GENE lots of money short here now to squeeze to and through that 5.04 res. remember $ISR at 330pm on a Friday. shorts decimated
liquid penny
29 Jan 15 10:36:04
http://t.co/5GDRm56C9f $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Ragingbull alerts
29 Jan 15 10:34:27
http://t.co/zSERWmVQf9 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
sharesinplay
29 Jan 15 08:27:12
http://t.co/y2gg9Bgyy5 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
ProVesting
29 Jan 15 01:06:05
$ISR: Short Interest in IsoRay Declines By 1.8% (ISR): http://t.co/sfxNybLNa2
liquid penny
28 Jan 15 15:44:16
http://t.co/5GDRm56C9f $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
barna
28 Jan 15 10:41:23
Commented on StockTwits: Always have my fingers crossed for the Bulls unless you're holding that garbage $ISR LOL http://t.co/kmNuxpQGeu
Matthew Kracht
27 Jan 15 23:35:55
RT @deafdaytrader: For 1.00 to 5.00 dollars stocks $MHR $FRO $PGH $EXEL $ONTY $CTIC $PHMD $SNSS $PPHM $ISR $GULTU $VICL Nice bottom
Dagger Hook Trader
27 Jan 15 14:50:50
http://t.co/golcyIRshH $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Speculative Trader
27 Jan 15 14:31:29
http://t.co/MkjqRksOhe $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Ragingbull alerts
27 Jan 15 14:22:56
http://t.co/zSERWmVQf9 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
OTCADDICT
27 Jan 15 11:41:48
http://t.co/m3VHTbxguf $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
BidWhack/AskSlap
27 Jan 15 11:04:20
http://t.co/8s0Zu9gQAP $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Dagger Hook Trader
27 Jan 15 10:35:39
http://t.co/golcyIRshH $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
liquid penny
27 Jan 15 10:28:44
http://t.co/5GDRm56C9f $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Viral Pennies
27 Jan 15 09:40:41
http://t.co/d8ilqpU1xc $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
mike ring
27 Jan 15 09:21:59
RT @deafdaytrader: For 1.00 to 5.00 dollars stocks $MHR $FRO $PGH $EXEL $ONTY $CTIC $PHMD $SNSS $PPHM $ISR $GULTU $VICL Nice bottom
sharesinplay
27 Jan 15 07:50:04
http://t.co/y2gg9Bgyy5 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Eli Pritsker
27 Jan 15 07:15:34
RT @deafdaytrader: For 1.00 to 5.00 dollars stocks $MHR $FRO $PGH $EXEL $ONTY $CTIC $PHMD $SNSS $PPHM $ISR $GULTU $VICL Nice bottom
deafdaytrader
26 Jan 15 16:39:33
For 1.00 to 5.00 dollars stocks $MHR $FRO $PGH $EXEL $ONTY $CTIC $PHMD $SNSS $PPHM $ISR $GULTU $VICL Nice bottom
Sing Canary
26 Jan 15 13:13:54
$ISR Say what now? @ closing bell, up 6.03% ? Now @ 5.34% .... 15 min after closing bell
Analyze
26 Jan 15 12:46:28
$isr pretty nice close..should be nice swing long
optstrader
26 Jan 15 12:21:09
Long $ISR 1.33 average price for swing. Target $1.50
Analyze
26 Jan 15 10:10:28
Like $isr swing long entry low 1.3s
Investors Hangout
26 Jan 15 09:11:43
Stock_Tracker: $ISR Headlines Wednesday's biggest gaining and http://t.co/22sP1ORfzm
Investors Hangout
26 Jan 15 09:11:43
Stock_Tracker: $ISR Headlines Wednesday's biggest gaining and http://t.co/rE4ab5I66t
Stock_Tracker
26 Jan 15 09:02:33
$ISR Headlines Wednesday's biggest gaining and declining stocks 3:44 p.m. Aug. 19, 2009 - MarketWatch IsoRay u http://t.co/lBBdFNoCV5
Stocks News&Markets
26 Jan 15 07:20:28
Nate made $3,769 on $ISR -Check it out! http://t.co/dPzVdoGb8j Learn #howtotrade http://t.co/axK8SMSgo9 $ATOS $ANFI $ZAZA $VII $GULTU
Investors Hangout
26 Jan 15 07:08:12
DennyT: UPRO Short Sales $UPRO $TZA $ISR $FWDG $AMBA http://t.co/qBnMKVlCeP
Investors Hangout
26 Jan 15 07:08:12
DennyT: UPRO Short Sales $UPRO $TZA $ISR $FWDG $AMBA http://t.co/2m4RoDOEF6
DennyT
26 Jan 15 07:04:49
UPRO Short Sales $UPRO $TZA $ISR $FWDG $AMBA Barchart Opinion,200 Simple Moving Average,Stock,Recent Headlines http://t.co/giJ6nuTmxu
AllPUMPnodump
26 Jan 15 06:51:52
http://t.co/IMbaS4JKZ3 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Wells
26 Jan 15 05:57:40
$ISR watching this one close for another PR. Great price, but shorts love this one. May go lower even though 1.30 seems solid support..
BidWhack/AskSlap
26 Jan 15 05:35:56
http://t.co/8s0Zu9gQAP $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
AllPUMPnodump
26 Jan 15 04:18:05
RT @DaggerHookTrade: http://t.co/golcyIRshH $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech…
liquid penny
26 Jan 15 04:08:46
RT @sharesinplay: http://t.co/y2gg9Bgyy5 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #s…
sharesinplay
26 Jan 15 03:28:59
http://t.co/y2gg9Bgyy5 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Dagger Hook Trader
26 Jan 15 03:19:19
http://t.co/golcyIRshH $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stocks $isrg
Speculative Trader
26 Jan 15 02:44:18
RT @rbalerts: http://t.co/zSERWmVQf9 $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech #stock…
liquid penny
26 Jan 15 02:42:52
RT @pennystockseekr: http://t.co/jlusCASlmN $pbio pressure biosciences ceo video interview $rgdo $nbix $sgmo $cndo $isr $bdx $tmo #biotech…
				
				
By  +Follow April 1, 2014 6:16AM
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