Today's Trading

Depomed (DEPO) up 29% on Trials

Ian Wyatt | Oct 05, 2009 05:00pm EDT | Comment
Rating: Unrated

Once you start following the Top gainers list (called the Most Price % Change on Yahoo! Finance) you start to see trends from stocks that can be bought and held for gains.

Of course, there's always a caveat, and for the Top Gainers list, I have a perpetual one: biotech. Every day, there is a biotech up 17%, 20% 30% -- and every day I wonder two things: how could I have seen this coming; and what will the stock do next.

Today, we've got Depomed (Nasdaq:DEPO), up 29% on positive news about trials of its pain medication for people with shingles. Cardium Therapeutics (AMEX:CXM), up 21% on no news, and AVI BioPharma (Nasdaq:AVII) up 20% on the award of an $11 million military contract for development of its Junin virus infection drug. (The government believes the Junin virus could possibly be used as a weapon of mass destruction.)

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Ian Wyatt

About the Author
Ian Wyatt is a co-founder and President of Business Financial Publishing and the Chief Investment Strategist and Publisher of SmallCapInvestor.com and SmallCapInvestor.com PRO.