Top Day Trader Alerts (XNPT, GSK, NVDA, LVS, WYNN, DSCO, NTAP, VLNC)

Posted in pre-market 
February 18th, 2010

These are this Thursday’s top pre-market day trader and active trader alert stocks with a brief explanation and color on each:

Xenoport, Inc. (NASDAQ: XNPT) is the worst we have seen in a while…. Shares are down about 64% at $7.05 on almost 4 million shares as of 8:48 AM EST.  Average volume is under 300,000 so we are over 10-X volume and the market isn’t even open.  The old 52-week trading range WAS $13.36 to $27.18.  The FDA has denied approval of its Restless Leg Syndrome drug with GlaxoSmithkline (NYSE: GSK).

NVIDIA Corporation (NASDAQ: NVDA) is down over 4% at $17.00 on more than 300,000 shares as of 8:48 AM EST.  The company beat its earnings numbers but revenue was light.  After the huge run we have seen, the only surprise is that there is not even more profit taking seen.

Las Vegas Sands Corp. (NYSE: LVS) is down almost 6% at $16.46 on over 200,000 shares as of 8:52 AM EST.  Yesterday afternoon’s earnings report failed to impress.  The loss narrowed here to $113.9 million.  This was boring enough that after the huge run from last year’s lows it could see more selling.  It is also lackluster enough that we’d look for some related weakness at Wynn Resorts Ltd. (NASDAQ: WYNN).

Discovery Laboratories Inc. (NASDAQ: DSCO) is getting its wings clipped today with shares down 22% at $0.55 on almost 500,000 shares as of 8:52 AM EST.  The 52-week range is $0.33 to $2.40 and average volume is almost 1.5 million shares.  The company priced $16.5 Million in a public offering of Common Stock and warrants versus a prior market cap of $89.5 million at yesterday’s close.

NetApp, inc. (NASDAQ: NTAP) is down despite beating earnings expectations last night.  We have seen two downgrades on the stock and the shares are down 1.4% at $31.64 on almost 500,000 shares as of 8:48 AM EST.

Valence Technology Inc. (NASDAQ: VLNC) is a screamer this morning.  Too bad it is just a penny stock.  Shares are up 22% at $1.00 on about 130,000 shares as of 8:50 AM EST.  The 52-week trading range is $0.74 to $2.50 and the average volume is about 1.1 million shares.  Bénéteau Group signed an exclusive multi-year supply agreement worth as much as $45 million if all options are used.  Valence makes high-energy power systems.

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FEBRUARY 18, 2010

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