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
TheStreet Open House

Achillion, SMTC Corp.: Early Volume Plays

NEW YORK ( TheStreet) -- Achillion Pharmaceuticals (ACHN) was one of several stocks trading near $5 poised to move on above-average volume Wednesday after the company announced positive results for its hepatitis C drug.

Achillion Pharmaceuticals jumped nearly 20% in Tuesday's after-hours session after the company said Phase 1b clinical trial data showed its ACH-1625 treatment in third and fourth patient cohorts achieved "meaningful reductions in HCV RNA after five-day monotherapy, with continued safety and tolerability in patients with hepatitis C."

Shares of Achillion closed Tuesday at $2.36 and rose to $2.81 in late trading. The 50-day average daily share volume for Achilion is 225,000, according to the Nasdaq.

Elsewhere, SMTC Corp. (SMTX) jumped by 55 cents, or 15.3%, to $4.15 in the premarket session after the electronics manufacturing services provider reported first-quarter earnings from continuing operations of 14 cents a share, compared with a year-ago loss of 6 cents a share. The 50-day average daily volume for SMTC is 379,000.

China Wind Systems (CWS) was also poised to trade sharply higher Wednesday after the company said it anticipates full-year revenue in a range of $76.5 million to $85 million and earnings before interest, taxes, depreciation and amortization, or EBITDA, of $22.7 million to $25.2 million. That compares to 2009 revenue of $53.5 million and EBITDA of $11 million.

China Wind Systems said it is now expects stronger sales of precision forged products used in large wind turbines in 2010. Shares closed Tuesday at $3.77 but rose nearly 18% in late trading. The three-month average daily volume for China Wind Systems is 80,000, according to Yahoo! Finance.

Meanwhile, China Digital TV Holding (STV) jumped nearly 10% to $6.89 in late trading Tuesday after the company reported first-quarter earnings of 10 cents a share on revenue of $14 million, above the Thomson Reuters average estimate for a profit of 8 cents a share on revenue of $12.3 million.

China Digital TV also offered better-than-expected revenue guidance for the second quarter. The three-month average daily volume for China Digital TV is 213,000.

-- Written by Robert Holmes in Boston.

Check out all of Wednesday's high-volume, under-$5 stocks at the Dollar Store. View the Dollar Store portfolio on StockPickr.

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,265.99 +109.14 0.64%
S&P 500 2,011.36 +9.79 0.49%
NASDAQ 4,593.4250 +31.2360 0.68%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs