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Nasdaq Small Caps On The Rise (MELA, REFR, and LUNA)

Written by: Steve S | June 22nd, 2010

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MELA Sciences, Inc. (NASDAQ:MELA) finishes the day up 15.21% at $8.33 per share on heavy volume today. Last month MELA stated that the FDA set a deadline of August 26th for when they will review the company’s experimental device for early detection of melanoma skin cancers. Barrons.com is noting that analysts believe shares of MELA Sciences could double from their current levels if the device is approved.

Research Frontiers, Inc. (NASDAQ:REFR) shares rose today to $4.25, an increase of 14.86% and traded nearly ten times its three month average in volume. Research Frontiers develops and licenses suspended particle device (SPD) technology used in VaryFast(TM) SPD-Smart controllable glass and plastic products. Benefits include dynamic control of light, glare and heat passing through many types of glazings, noise reduction, greater security due to both privacy and structural integrity, and the protection of interiors and occupants from heat and harmful ultraviolet radiation. Currently 37 companies are licensed to use Research Frontiers’ patented SPD light-control technology in emulsions, films, or end-products.

Luna Innovations Incorporated (NASDAQ:LUNA) traded strong today as it finishes up 13.95% at $2.45 per share on above average volume. Today’s active market comes without news or any announcements. Luna Technologies, a division of Luna Innovations Incorporated located in Blacksburg, Virginia, manufactures and markets test and measurement equipment and integrated sensing solutions. Luna Technologies’ products are used for test, measurement and sensing in telecommunications, manufacturing, power generation and distribution, down-hole oil and gas, aerospace and defense applications.

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Steve S | All PPD Posts, Market Update | 06 22nd, 2010 |

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