Stocks On The Move - August 15

Stocks Rise on Heavy Volumn:

• TriPath Imaging Inc. (TPTH): shares of Burlington, North Carolina based cacner diagnosis products maker jumped 72.27% to new 52 weeks high of $8.82 on acquisition from Becton Dickinson & Co. for $350 million or $9.25 per share. The stock was the biggest winner in the stock market today with 8.25 million shares exchanged hands.
• Doral Financial Corp.(DRL): shares of San Juan, Puerto Rico based financial service company surged 13.22% to $5.14 after the comapny filed its 2005 annual report. The stock was just at its 52 weeks low few days ago. The surge put K line back above D line indicating buy signal. With the stock now trading only a third of its price 52 weeks ago, we should see more bargain hunters coming. The stock was the leading gainer on NYSE today with 5 million shares traded.

Stocks Drop on Heavy Volumn:

• Medifast Inc.(MED): shares of Owings Mills, Maryland based weight-loss products maker plunged 31.25% to $12.23 per share as margin is expected to shrink in future quarters. This ended the year long rally which began around last October. With MACD now below 0 the stock is at bear market and will expect more weakness for the time being. The stock was the biggest loser on AMEX today with 6.25 million shares traded.