Stocks On The Move - October 9

Stocks Rise on Heavy Volumn:

• New River Pharmaceuticals Inc. (NRPH): shares of Radford, VA based pharmaceutical company skyrocketted 61.47% to $42.32 per share on postive news on the drug from FDA. With ROC showing the stock is overbought profit taking may come very soon. The stock was the biggest gainer on Nasdaq today with 11.82 million shares traded.
• Amkor Technologies (AMKR): shares of Chandler, AZ based semiconductor packing and service company surged 33.86% to $6.76 per share after the company restated its financials and corrected accounting errors. The stock could be back to rally with K line is again on top over D line. The stock was the second leading gainer and the fifteenth leading gainer on Nasdaq today with 20.54 million shares traded.

Stocks Drop on Heavy Volumn:

• Powerwave Technologies Inc. (PWAV): shares of Santa Ana, CA based wireless communication equipment maker FALL 17.75 to $6.41 per share on third quarter sales warning. The stock is still very weak as 50 day MA is below 200 day MA and K lind is below D line. The stock was the third leading decliner on Nasdaq today with 18.37 million shares traded.