EDAP Second Day Run (EDAP)

Posted in General 
August 20th, 2009

EDAP TMS SA (NASDAQ: EDAP) was an exponential runner late yesterday after it reported that the FDA gave marketing approval for its newly designed and high-end Sonolith I-Sys device. This is a robotized device that has been developed by EDAP to provide a highly effective product configuration to address what is one of the largest lithotripsy markets in the world. This was previously a $1.00 stock that rose to $4.20 on over 6 million shares yesterday. This morning at 9:02 AM EST we have seen a 22% gain to $5.13 and we have seen over 475,000 shares trade hands versus avaerage volume of just over 100,000 shares. This touches 52-week highs again after yesterday’s exponential move took out the highs.  UPDATE: at 9:21 AM EST we have shares trading off their highs and now at $4.98 on some 570,000 shares….

-JON OGG

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