Luna Innovations (LUNA) is surging today after it entered into a multi year agreement with Intuitive Surgical (ISRG) to supply shape sensing systems for medical robotics. The news was expected. In general the news that is expected is already discounted in a stock price. However, sometimes in small caps such as Luna Innovations, either the news is not in the stock price or investors simply get too excited. According to the ZYX Change Method it is too late to buy and too early to short Luna Innovations. When the time is right we will issue an alert in ZYX BUY CHANGE ALERTS or ZYX SHORT SELL CHANGE ALERTS .
