EDAP TMS SA (NASDAQ:EDAP) announced that it has been granted a special temporary reimbursement for Ablatherm HIFU for the treatment of localized prostate cancer by the French National Authority for Health. The grant follows a comprehensive review of Ablatherm HIFU clinical results. This step by HAS reflects a new reimbursement process dedicated to innovative therapies, which allows Ablatherm-HIFU technology to be granted temporary reimbursement while setting up a dedicated treatment registry for the next five years.
Stock shot up 5.92% to settle at $4.12 with a moderate volume of 375,823 traed shares. RSI peaked its head to 41.80, which is considered nor overbought nor undersold at this point. Keep this stock on your watch list as it approaches its 50-day MA of $4.70.
EDAP TMS S.A. and its subsidiaries develop, produce, market, distribute, and maintain medical devices for the treatment of urological diseases. It operates in two divisions, High Intensity Focused Ultrasound (HIFU) and Urology Devices and Services (UDS). The HIFU division develops, manufactures, and markets devices for the minimally invasive destruction of certain types of localized tumors using HIFU technology.
MadCatz Interactive (AMEX:MCZ) announced that it has entered into an agreement with MSFT to produce a range of licensed and branded audio headphones under Mad Catz's Tritton brand and Microsoft's Xbox 360 brand. Mad Catz has the worldwide rights to manufacture, market and sell licensed, company branded wired stereo headphones and exclusive rights to produce licensed, co-branded wireless stereo and Dolby 5.1 headphones for the Xbox 360 videogame and entertainment system.
Upon the announcement, stock shot up 28.45% with a surging volume of 8.8 million shares which is 16 times its average volume of 480K. Pps settled at $1.09 as the accumulated/distribution decreased, since most of the shares were traded.
Mad Catz Interactive, Inc. (Mad Catz) designs, manufactures (through third parties in Asia), markets, sells and distributes accessories for all videogame platforms, the personal computer (PC) and the iPod and other audio devices. Its accessories are marketed under the Mad Catz, Saitek, Cyborg, Eclipse, Joytech, GameShark, Tritton and AirDrives brands. Mad Catz also produces for selected customers a range of products, which are marketed on a private label basis.
China Intelligent Lighting and Electronics, Inc. (AMEX:CIL) Company announced that it has signed contracts with distributors to open more than 300 exclusive distribution outlets in China in 2011. The agreements are part of CIL's strategic promotional marketing campaign, whereby distributors agree to two-year contracts that grant them the right to sell CIL's Hyundai and CINLE lighting products exclusively in outlets branded with the Hyundai and CINLE names.
Shares jumped 5.83% to settle at $2.54 with a light volume of 50,942 shares. Its price is forming a cup and handle, and is on its way to penetrate the 50-day moving average of $2.60 with an RSI of 54.6. Keep an eye out on this one. If you are going to invest in this stock long term, then I would wait for a pull back at $2.50 price level.
China Intelligent Lighting and Electronics, Inc., a leading provider of lighting solutions that engages in the design, manufacture, sales and marketing of high-quality LED and other lighting products, today announced that it has signed contracts with distributors to open more than 300 exclusive distribution outlets in China in 2011.
TheStreet.com (NASDAQ:TST) announced that James Cramer will remain on the company's board and will continue in his editorial role with the company. Cramer recently entered into a new three-year employment arrangement with TheStreet.com.
Stock has remained unchangd throughout the day, but showed increased activity and consolidation near the $3.05 range. Volume has been light compared to its historic levels, standing at 102,177. Stock recently had a phenomental run breaking its 50-day MA of $2.75 and 200-day MA of $2.88 in the past few weeks.
TheStreet.com, Inc. is a digital financial media company. It provides its readers and advertisers with a range of subscription-based and advertising-supported content and tools through a range of online platforms, including Web sites, mobile devices, e-mail services, widgets, blogs, podcasts and online video channels.
Orbit International (NASDAQ:ORBT) today announced that it has entered into a long term contract for a period of five years covering $17.7 million in structural assemblies and kits to be supplied to Sikorsky Aircraft Corp. for its S-92 civil helicopter program. Sikorsky is a subsidiary of United Technologies Corporation.
Stock has been trending nicely above its 50-day moving average of $3.67 with a steady RSI increase of 50-58. Accumulation/distribution line is in an overbought condition, so use caution trading this company as well as beware of its low liquidity.
Orbit International Corp. (Orbit) conducts its operations through its Orbit Instrument Division and its wholly owned subsidiaries, Behlman Electronics, Inc.(Behlman), TDL Development Laboratory, Inc. (TDL) and Integrated Consulting Services, Inc. (ICS). Through its Orbit Instrument Division, which includes its wholly owned subsidiaries, Orbit Instrument of California Inc. and TDL, it is engaged in the design, manufacture and sale of customized electronic components and subsystems.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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