Stock Scan for Thursday – IsoRay, Inc. (ISR)
Here is a little info on IsoRay, Inc. (ISR) from their site:
IsoRay, Inc. engages in the development, manufacture, and sale of isotope-based medical products and devices for the treatment of cancer and other malignant diseases in the United States and internationally.
I like the chart setup….It looks like it may have a short term bounce in it.
** Consolidating at current levels
** Support at $1.00
** Stochastics are entering oversold status
** MACD is still bullish with no trend
A quick glance at the financials and I was impressed. The company has revenues (but still posting losses). It has a clean balance sheet with cash and no debt. I think the downside is low with this one.
Good luck and good trading,
Jeffrey Dean
