Third Quarter Small Cap Breakouts: PARD, SDTH, MAIL and ARMH

BioTech PARD sets 52-week high, SDTH jumps 18% today, MAIL sets 52-week high, picks up 15% on renewed Google deal and ARMH continues up, up and away.

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Wednesday July 1, 2009 8:50 AM PDT

By Dennis Askew

As the third quarter of 2009 begins today, I thought I would place charts for the last 3-Months following each of today's stock gainers. Second quarter performances by today's choices were for the most part; steady. And as you'll see, in some cases; were consistently moving up and up. 

Let's start with BioTech Poniard Pharmaceuticals (PARD) http://www.poniard.com/ jumping out 11% at today's open and setting a 52-week high. It set a 52-week high yesterday. Trading today in the $6.60 range on Nasdaq, PARD's average 3-Month daily trading volume of 331,765 shares was eclipsed at the outset of trading this morning and its market cap boosted to $229 million.

An Ongoing Phase III Trial and Two Ongoing Phase Two Trials Propel PARD

PARD, together with its subsidiary, NeoRx Manufacturing, focuses on the development and commercialization of oncology products for people with cancer. PARD is conducting a phase III clinical trial of intravenous picoplatin in small cell lung cancer; two phase II clinical trials in metastatic colorectal and castration-resistant (hormone refractory) prostate cancers; and a clinical trial of oral picoplatin in solid tumors.

PARD set its previous 52-week high yesterday at $6.19. Its 52-week low of $1.05 was set on 12-30-08. In the $6 range, it well ahead of its 50-day and 200-day moving average. I would like to see more shares in the float, but the stock is stable enough for an investor.

A THREE MONTH CHART FOR PARD

pard chart

Also getting the third quarter started off with a jump is specialty chemical maker Shengdatech Inc., (SDTH) http://www.shengdatechinc.com/ trading on the Nasdaq in the $4 range. Picking up over 18% this morning on a Roth Capital 'Hold-to-Buy' recommendation, SDTH passed its 3-Month average daily trading volume of 217,038 shares in early trading and boosted its market cap to $240 million.

SDTH engages in manufacturing, marketing, and selling nano precipitated calcium carbonate (NPCC) products. The company converts limestone into NPCC using its proprietary technology co-developed with Tsinghua University. ShengdaTech operates in China. SDTH also exports its products to Singapore, Thailand, South Korea, Malaysia, Vietnam, India, and Israel. NPCC The main use of calcium carbonate is in the construction industry, either as a building material in its own right or limestone aggregate for roadbuilding or as an ingredient of cement.

In the $4 range, SDTH is off its 52-week high of $10.49 set on 08-18-08 and is nearly twice the price of its 52-week low of $2.52 set on 03-18-09. It is near its 50-day moving average and ahead of its 200-day moving average. SDTH has trailing twelve month revenues of $141 million and even though its float is half the amount of its shares out, its liquid enough for any stability concerns.

A THREE MONTH CHART FOR SDTH

sdth chart

IncrediMail LTD., (MAIL) http://www.incredimail-corp.com/ trading on the Nasdaq in the $6.40 range tripled its 3-Month average daily trading volume of 14,213 shares when it opened this morning and picked up 14% in value boosting its market cap to $59 million.

The jump in price and volume came on news that MAIL had renewed its agreement with serach engine Google (GOOG).

"We are very happy, having extended our agreement with Google," said IncrediMail CEO Ofer Adler in a statement. "This renewal reflects the positive relationship established between our companies and a relationship that has allowed IncrediMail to continue to perform well."

IncrediMail, which designs high end personal desktop software, has been using AdSense since 2006, enabling it to share advertising revenue generated from users clicking on links sponsored by Google.

At $6.40, MAIL beats its previous 52-week high set yesterday of $5.92 and is far ahead of its 52-week low of $1.86 set on 11-21-08. In the $6 range, MAIL is ahead of both its 50-day and 200-day moving averages. MAIL's trailing twelve month revenues are $23 million and once again, I would like to see more shares in the float; they are half of the shares outstanding of 9.24 million.

A THREE MONTH CHART FOR MAIL

mail chart

Finally, ARM Holdings (ARMH) http://www.arm.com/products/multimedia/graphics continues it upward climb, topping conversation on the message boards and actually having buyers wade in to purchase shares. ARM has a 3-Month average daily trading volume of 905,802 shares and posted a third of that today within an hour of the market opening.

ARM designs the technology that lays at the heart of advanced digital products, from wireless, networking and consumer entertainment solutions to imaging, automotive, security and storage devices. ARMH's low-power processors run Google's Android operating system. On June 22, ARMH entered a licensing agreement with LG Electronics, one of the world's largest digital TV brands, to power LG's digital TV (DTV) development.

Trading in the $6 range on Nasdaq, ARMH is well above its 52-week low of $3.27 and can boast of an EPS of $0.29.

A THREE MONTH CHART FOR ARMH

armh chart

 


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