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Unusual 11 Mid-Day Movers 09/10: BDCO, KV-A, ICOP, LULU, ANX, NEXM Higher; RDCM, TNDM, EMMS, CNAM, SWHC Lower

September 10, 2010 12:44 PM EDT
BDCO Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Blue Dolphin (Nasdaq: BDCO) 67.9% HIGHER; shares are continuing higher on the last trading day of this week; the stock surged 16.5% on Tuesday, another 7% Wednesday and 27.5% yesterday. Technicians may be stepping into the stock today as shares have pushed through the technical $2 level. Notably, BDCO shares have not been above $2 since mid-July, and shares have hit a new 52-week (also, about three-year) high of $3.15.

K-V Pharmaceutical Company (NYSE: KV-A) 59.8% HIGHER; announced today that they have received a notice that the U.S. FDA has completed their inspection of KV's facilities, and their ability to return its first product to the market.

ICOP Digital Inc. (Nasdaq: ICOP) 16.4% HIGHER; the electronic equipment maker is seeing a move above $1.60, when a massive 35K trade took place. Might be bouncing after dropping 47% following the company's second quarter report in early August.

lululemon athletica (Nasdaq: LULU) 12.8% HIGHER; reports Q2 EPS of $0.30, 6 cents better than the analyst estimate of $0.24. Revenue for the quarter was $152.2 million, which compares to the estimate of $145.89 million. Comps up 31%. Sees Q3 sales of $155-$160 million, vs. the consensus of $151.45 million. Sees Q3 EPS of 22-24c, vs. the Street estimate of 23c. Raises its FY11 EPS guidance from $1.05-$1.10 to $1.18-$1.22, which compares to the Street estimate of $1.16. Sees sales of $645-$650 million, vs. the consensus of $635.15 million.

Radcom Ltd. (Nasdaq: RDCM) 12.8% LOWER; investors may actually be taking some profit off the table as the stock hit a new 52-week high of $12.95 today, marking the culmination of a run that's been going on since June 2009.

Adventrx Pharmaceuticals, Inc. (AMEX: ANX) 10.3% HIGHER; Rodman & Renshaw initiates coverage on the stock with a Market Outperform rating and price target of $4.50.

Neutral Tandem, Inc. (Nasdaq: TNDM) 9.6% LOWER; investors may be selling off on news from the company that they acquired Italy-based Tinet SpA for €74.5 million after the market yesterday.

Emmis Communications Corp. (Nasdaq: EMMS) 9.0% LOWER; Alden Global Capital announces that revised terms set forth by Emmis to take the company private were not acceptable to Alden. Click here to see the full report.

NexMed, Inc. (Nasdaq: NEXM) 8.9% HIGHER; seeing some buying action above the $2.10 mark today, as the shares have seen some recent resistance and half-hearted bids around the $2.05 mark. The stock has seen recent highs around the $3.85 mark in mid-July. May also be getting some momentum from peer Adventrx Pharma.

China Armco Metals, Inc. (Nasdaq: CNAM) 8.6% LOWER; a logical move today, as CNAM reports that, due to a rolling blackout scheduled for their subsidiary, they expect to see FY10 revs impaired by $40 million.

Smith & Wesson Holding Corp (Nasdaq: SWHC) 8.6% LOWER; after the market yesterday, reported a Q1 EPS of $0.06, ex-items, compared to the consensus of $0.05. Revs of $94.9 million missed the consensus of $95.24 million. SWHC guided Q2 sales of $97 - $102 million, compared to the consensus view of $115.5 million. SWHC reaffirmed their FY11 outlook.

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