Mannkind (MNKD) is an $8 stock, which may disqualify it from some watch lists. However it is included here for those who like “pre-teen” stocks, especially since it is quite liquid at $66MM per day in average dollar volume. We consider “liquid” to be an issue with at least $25MM-$30MM in average dollar volume per day. The attraction here is twofold: It is a 99 relative strength stock and it is in an industry group (biotech) that is leading the market with a 98 rs rank. There have only been losses to this date. Price cleared the top of a seven-week pattern during Thursday’s session, then closed the session three cents below the base top. Volume was 32% above average, and may be held in check due to an upcoming earnings report. The stock can be watched for follow-through Friday or early next week.

http://gilmoreport.com/kevin-marder-stock-market-report/august-1-2013/