Stocks Heading Upward In Morning Trading: EONC, MY, NSPH, DCTH, FSII

The stock market opened lower today as optimism over Europe fell. Fears over the debt crisis resurfaced this morning following strong bank demand for ECB funding. Banks borrowed more than $640 billion at the ECB’s first ever offering of three-year funding operation. The Dow is down 48 points this morning, the Nasdaq is down 40 points and the S&P is down 5 points.

Let’s take a look at stocks that are bucking the trend this morning and heading up.

eOn Communications Corp. (NASDAQ:EONC) is up 25.98% this morning at $1.60. EONC has traded 158 thousand shares so far today, more than three times ts daily average. EONC is bouncing back today after dropping from over $2 a share last Thursday. The company has a market cap of 4.59 million.

China Ming Yang Wind Power Group Limited (NYSE:MY) is up 22.22% today at $1.65. MY has traded 619 thousand shares so far today, three times its daily average. MY stock is up this morning after the company announced its intention to continue repurchasing shares. China Ming has a market cap of 202.37 million.

Nanosphere, Inc. (NASDAQ:NSPH) is up 13.28% this morning at $1.45. NSPH has traded 392 thousand shares, well above its daily average of 301 thousand shares. The company announced last night they have obtained CE mark for gram-positive blood culture test. The company has a market cap of 62.99 million.

Delcath Systems, Inc. (NASDAQ:DCTH) is up 11.56% today at $2.22. DCTH has traded 296 thousand shares so far today and trades 498 thousand shares a day on average. Delcath Systems has a market cap of 105.67 million.

FSI International Inc. (NASDAQ:FSII) is up 12.33% today at $3.37 this morning. FSII has traded 873 thousand shares so far today, more than double its daily average. FSI International earnings missed, but their outlook for the next quarter beat estimates. The company has a market cap of 129.41 million.

written by

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.
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