Dendreon DNDN Stock April 3 2009 4/3/09

Dendreon DNDN stock just ripped higher in the past hour and was really lighting up my screen with big buy orders. Not sure if there is some kind of news leak or if this is just one of those classic short squeezes we have been seeing all across the Stock Market lately.

Update: Provenge Receives " Late Breaking Status " - CNBC reports at 3PM EST

Massive Volume! DNDN stock went from $4.40 - $6.60 in about 30 minutes with a 4 million surge in volume.

DNDN Option trading has been bullish over the past Three days. Traders are betting that any day this month Dendreon will release positive clinical data and submit an application to receive FDA approval on their Cancer Drug Provenge.

Here are two great articles from Forbes:

Dendreon Closing In On Provenge Profits - The biotech firm gets closer to its drug hitting the market.

Dendreon Disclosure May Endanger Provenge Study - A decision to trumpet results from an unfinished study could come back to bite the drug maker.

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