Trending Stocks to Watch As The Dow Powers Through The 23,000 Mark

01:49 10/18/2017

Ocean Power Technologies, Inc.OPTT  – Opened with a strong gap up and heavy volume over 30 million shares trading . We are keeping it on watch as we approach the last hour of trading for a possible move above its day high. Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Australia, and Asia. It offers PowerBuoy system that is designed to generate power for use independent of the power grid in remote offshore locations.

Data for Spectrum Pharmaceuticals, Inc.SPPI  lung cancer drug caused it to open with a strong gap up on record heavy volume and printing new 52 week highs. Things could get interesting as we approach the last hour of trading with new 52 week highs on the horizon. Keeping a close watch on SPPI for the rest of the day is highly recommended. The Nevada based company develops and commercializes oncology and hematology drug products. The company markets six drug products, including FUSILEV for patients with metastatic colorectal cancer and rescue after high-dose methotrexate therapy in osteosarcoma, and to diminish toxicity and counteract the effects of impaired methotrexate elimination and of inadvertent overdosage of folic acid antagonists

Another biotech play with strong market action today is Protalix BioTherapeutics, Inc.PLX  that opened with a gap over the 200 day moving average with an intraday high of $0.92 and over 20 million shares trading hands on news of entry into an Exclusive Ex-US Partnership with Chiesi Farmaceutici for the Development and Commercialization of PRX-102 (pegunigalsidase alfa) for the Treatment of Fabry Disease. Protalix is a biopharmaceutical company focused on the development and commercialization of recombinant therapeutic proteins expressed through its proprietary plant cell-based expression system, ProCellEx®.

We are also watching DarioHealth Corp.DRIO  after a strong performance with an intraday high of $3.64 and record volume. Last hour of trading could register new highs if it continues to hold up and doesn’t fade further. DarioHealth Corp. is a leading global digital health company serving tens of thousands of users with dynamic mobile health solutions.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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