Dallas,Tx 7/22/2010 1:24:07 AM
News / Business

Hot Penny Stocks (FONR, ICGN, NBY)

Penny Stocks

Shares of Fonar Corporation (NASDAQ: FONR) are seeing a huge rally today. The stock opened at $1.52 and reached an intra-day high of $1.85. It was up 18.18% to $1.69, at last check, on above average volume of 129,015.

 

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The Fonar Corporation stock has a 52-week range of $1.19-$4.60. It has a 50-day moving average of $1.54 and a 200-day moving average of $1.76. The support level for the stock is at $1.40. The stock has breached its resistance level of $1.55 today.

Based in Melville, New York, Fonar Corporation is engaged in tow business areas; medical equipment segment, and physician management and diagnostic services segment.

 

Shares of Icagen Inc. (NASDAQ: ICGN) are climbing in trading today. The stock opened at $0.32 today. Currently, it is up 9.38% to $0.350, which is also its intra-day high, on volume of 19,900.

The Icagen Inc. stock has a 52-week range of $0.25-$1.59. It has a 50-day moving average of $0.44 and a 200-day moving average of $0.60. The support level for the stock is at $0.31. The stock has breached its resistance level of $0.34 today.

Icagen Inc. is a Durham, North Carolina-based biopharmaceutical company. The company seeks to discover, develop and commercialize orally administered small molecule drugs that modulate ion channel targets.

 

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Shares of NovaBay Pharmaceuticals Inc. (AMEX: NBY) are soaring in trading today. The stock opened at $2.15 and reached an intra-day high of $2.29. It was up 8.96% to $2.20, at last check, on above average volume of 113,389.

The NovaBay Pharmaceuticals Inc. stock has a 52-week range of $1.62-$2.71. It has a 50-day moving average of $2.26 and a 200-day moving average of $2.14. The support level for the stock is at $1.92. The stock has breached its resistance level of $2.10 today.

NovaBay Pharmaceuticals Inc. is an Emeryville, California-based clinical-stage pharmaceutical company. The company today announced that its non-antibiotic anti-infective has been successful in Phase 2 skin infection trial.

 

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