New York (December 20th, 2012) - EDAP TMS S.A. (ADR) (NASDAQ: EDAP), a France-based company engaged in the development and marketing of the Ablatherm device, is continuing to rally in mid-day trading today. At last check, EDAP was trading 5% higher at $2.10 on volume of 262,521, which is four times the daily average volume of 65,108.
EDAP had rallied nearly 26% on Wednesday. The stock has rebounded after falling to a 52-week low of $1.43 last week. EDAP has broken through some key technical levels and is now trading well above its 50-day and 200-day moving averages. Technical indicators suggest the rally could continue. EDAP could face resistance at around $2.20.
EDAP had reported its third-quarter financial results last month.
Health Management Associates Inc. (NYSE: HMA), a Naples, Florida-based company operating general acute care hospitals and other health care facilities in non-urban communities, is seeing a pullback after rallying in the previous trading session.
HMA had gained more than 5% on Wednesday. The stock is down 1.22% to $8.91 in mid-day trading today on volume of 1.72 million, which is well below the daily average volume of 4.76 million. HMA has been gaining momentum over the last couple of weeks. The stock has broken through some key technical levels. The rally could continue as technical indicators for the stock are still giving bullish signals.