Biggest Gainers on NASDAQ (SPEX, ALVR, BIOF)

Spherix Incorporated (NASDAQ:SPEX) is the biggest gainer and soared 34% to $1.81 on hefty volume of 2.80 million shares within first hour of trading session.

Today’s rally is driven by after the company the reported a solid results of its treatment for Type 2 diabetes showed “statistically significant”.

You can Subscribe to these Free Stock Alerts by 
visiting:  http://www.PennyStockPickReport.com

In the phase III study, company’s monotherapy D-tagatose reduced levels of glycated hemoglobin, or HbA1c by a wider margin, a protein in red blood cells formed when blood sugar attaches to hemoglobin, at 10 months of treatment in relatively healthy people with diabetes.

Patients in the study had an average HbA1c of 7.5%, higher than the level considered normal of 6%. The American Diabetes Association recommends reducing HbA1c to 7% or below in people with diabetes.

Spherix Incorporated (Spherix) operates in two segments: Biospherics and Health Sciences. Biospherics is the Company’s biotechnology research and development business.

Alvarion Ltd. (USA) (NASDAQ:ALVR) rose as much as 17.50% to $2.22 on high volume of 3.90 million shaers after the company was awarded a $75 million agreement with a Canadian rural broadband internet firm to deploy fourth-generation wireless network in Canada.

Under the multi-year agreement with Canada's Barrett Xplore, the company has agreed to supply subscriber devices and services to support the 4G rollout, initially focusing on high-speed data and later on voice over Internet protocol (VoIP).

However, stocks have cooled off from day’s high of $2.43 after opening at $2.34.

Clarion Ltd. is engaged in the design, development, manufacturing and marketing of wireless products. The Company focuses on two line of business: the carriers line of business, which includes operators, broadband service providers, competitive local exchange carriers.

You can Subscribe to these Free Stock Alerts by 
visiting:  http://www.PennyStockPickReport.com

Shares of BioFuel Energy Corp. (NASDAQ:BIOF) continues to move higher on high volume. Today, the stock is up 2.50% to $2.90, but significantly off day’s high of $3.15.

The stock has risen from $1.86 on Oct 1, 2010 to $2.83 in the past one week. There were no news out, but volumes have been quite higher.

Moreover, The stock had crossed both the 50-Day Moving Average and 200-Day Moving Average technical hurdles of $1.51 and $1.88 respectively.

BioFuel Energy Corp. produces and sells ethanol and its co-products (primarily distillers grain), through its two ethanol production facilities located in Wood River, Nebraska and Fairmont, Minnesota.