Hot Stocks: GEVO, MITK, IDIX, AONE, JRCC, MCP

Stocks are trading flat this morning as traders are taking a wait and see approach before this afternoon’s announcement from the Fed. The Federal Reserve’s two day meeting ends today and investors and analysts alike are looking to see if the Fed will restart Operation Twist (government asset swap program). Sign Up For Free Stock Alerts

What the Fed says today will more than likely dictate the market for the rest of the week. The Dow is down 2 points right now, the Nasdaq is up a half point and the S&P 500 is down 1 point.

Hot Stocks

Gevo, Inc. (NASDAQ:GEVO) is up 30.07% today at $7.70. GEVO has traded 986 thousand shares so far today, nearly 10 times its average volume. GEVO shares are rallying today after a court rules in favor of Gevo in preliminary injunction hearing. The company has a market cap of 209.74 million.

Mitek Systems Inc. (NASDAQ:MITK) is up 12.95% this morning at $4.1453. MITK has traded 1.06 million shares so far today and trades 1.2 million shares a day on average. MITK shares have rallied more than $1 a share over the past week. The company has a market cap of 110.38 million.

Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) is up 13.13% today at $10.60. IDIX has traded 2.9 million shares so far today, well above its daily average of 1.4 million shares. IDIX shares are up on positive hepatitis C study results. The company has a market cap of 1.15 billion.

A123 Systems, Inc. (NASDAQ:AONE) is up 9.02% today at $1.4425. AONE has traded 2.09 million shares so far today and trades 3.5 million shares a day on average. AONE shares are up $0.30 a share over the past few days. The company has a market cap of 214.42 million.Sign Up For Free Stock Alerts

James River Coal Co. (NASDAQ:JRCC) is up 6.32% this morning at $2.8599. JRCC has traded 1.4 million shares so far today and trades 2.04 million shares a day on average. JRCC shares are up $0.85 a share over the past five days. The company has a market cap of 102.38 million.

Molycorp, Inc. (NYSE:MCP) is up 7.99% today at $22.33. MCP has traded 3.5 million shares so far today, well above its daily average of 3 million shares. MCP shares are up $2 a share over the past few days. The company has a market cap of 2.16 billion.