Notable 52-Week Highs and Lows of the Day 05/17: (ARRY) (NTES) (PCYC) High; (WFR) (VALE) (CLWR) Low

This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.

52-Week High:

• Array BioPharma, Inc. (Nasdaq: ARRY) high of $4.10. Array seeing some activity ahead of the annual ASCO meeting, expected in early June. Shares are moving strong above the $3.75 resistance level, with the prior 52-week high being at $3.80 per share.
  
  Array will be making oral presentations on its two MEK inhibitors, selumetinib (AZD6244) and MEK162 at ASCO.
  
  
• NetEase, Inc (Nasdaq: NTES) high of $63.12. NetEase reported first-quarter 2012 earnings of $1.14 per share on revenue of $318.2 million, beating views calling for EPS of $1.01 and revs of $310.20 million. Shares up 9.4 percent on the session.
  
  
• Pharmacyclics, Inc. (Nasdaq: PCYC) high of $31.00. Pharmacyclics continuing higher from reporting a narrower-than-expected Q1 loss on May 10th. Shares are also getting above the $28.75 - $29 resistance level.
  
  Investors might also be doing some positioning ahead of ASCO.

52-Week Low:

• MEMC Electronic Materials, Inc. (NYSE: WFR) low of $1.63. MEMC moving 23.5 percent lower following the abrupt resignation of its CFO Mark Murphy. To read more,
  
• Vale S.A. (NYSE: VALE) low of $18.00. Vale S.A. has been on the slides along with broader U.S. markets as turmoil in Europe as well as sour economic data keep hitting markets, reducing expectations for increased crude demand to fuel growth.
  
  
• Clearwire Corporation (Nasdaq: CLWR) low of $1.00. Well, Clearwire has worked its way down to $1 per share. Despite analyst sentiment, investors are losing faith in the fourth-generation wireless network provider.
  
  Of note today, shares did pretty much bounce off of the $1 level.
  
  Implied volatility is up 23 percent on the session.

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