NuVasive Inc. (NASDAQ: NUVA), a medical device company engaged in the development of minimally disruptive surgical products and procedures for the spine, is rallying in mid-day trading today after reported its preliminary unaudited full-year 2012 revenue results.
NUVA said that for the full year ended December 31, 2012, it expects revenue of approximately $619 million, which is well above the company’s previously issued guidance range of $601 million to $606 million. The company expects 2013 revenue to be approximately $655 million.
NUVA rose to an intra-day high of $18.05 today before paring some of the gains. At last check, the stock was trading 11.87% higher at $17.63 on volume of 2.02 million, which is more than four times the daily average volume of 476,656.
Delcath Systems Inc. (NASDAQ: DCTH), a development-stage specialty pharmaceutical and medical device company, is soaring in mid-day trading today. At last check, DCTH was trading 7.57% higher at $1.42 on volume of 1.37 million, which is nearly two times the daily average volume of 781,293.
DCTH has gained more than 14% in the last five trading sessions. The stock has crossed its 50-day moving average in trading today, which is a bullish signal. The stock is now approaching $1.50 resistance level. If it breaks through this level then the upward trend will continue. The stock currently has strong support at $1.30.
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Source : Investor Alley, Inc.