This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Home Diagnostics, GT Solar: Early Volume Plays

NEW YORK ( TheStreet) -- Several stocks trading near $5 were poised to move on above-average volume during Wednesday's session.

Home Diagnostics (HDIX) should rally sharply higher after Nipro Corp. agreed to buy the blood glucose monitoring systems maker for $11.50 a share in a cash deal worth $215 million. The 50-day average daily volume for Home Diagnostics is 29,000, according to the Nasdaq. After closing at $6.05 Tuesday, shares were surging more than 84% to $11.15 early Wednesday.

GT Solar International (SOLR) should also trade higher Wednesday after the company late Tuesday posted a fiscal third-quarter profit of 25 cents a share on revenue of $173.6 million, easily surpassing the Thomson Reuters average revenue and earnings estimates. Looking ahead to 2010, GT Solar offered better-than-expected earnings guidance and a strong revenue forecast. The 50-day average daily volume for GT Solar s 939,000. The stock closed at $6 Tuesday and was jumping 16.2% in early trading Wednesday.

American Technology (ATCO) shares were indicated higher after the sound acoustic products maker swung to a fiscal first-quarter profit of $1.8 million, or 6 cents a share, although net income included $597,000 in non-cash unrealized gain on the revaluation of derivatives. Revenue of $5.3 million was up 114% from the year-ago quarter and topped the $4.58-million average target of two analysts. The 50-day average daily volume for American Technology is 51,000.

Labopharm (DDSS) shares should gain ground Wednesday after the company said the Food and Drug Administration has approved its OLEPTRO extended release tablets, a once-daily formulation of the antidepressant trazodone, for the treatment of major depressive disorder (MDD) in adults. The 50-day average daily volume for Labopharm is 834,000. After it finished trading Tuesday at $2.61, the stock was jumping nearly 25% in early trading Wednesday.

Silicon Storage Technology (SSTI) should trade higher after Microchip Technology (MCHP - Get Report) said it will acquire the flash memory maker for $2.85 a share in an all-cash deal. Shares of Silicon Storage closed Tuesday at $2.69. The 50-day average daily volume for Silicon Storage is 376,000.

-- Written by Robert Holmes in Boston.

Check out all of Wednesday's high-volume, under-$5 stocks at the Dollar Store

Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
MCHP $48.50 1.50%
AAPL $132.03 1.90%
FB $80.55 1.50%
GOOG $539.80 1.40%
TSLA $247.43 -0.01%

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs