Discovery Laboratories Up Nearly 7% (DSCO)

Discovery Laboratories, Inc. DSCO shares are soaring this morning, as the stock has busted through key technical levels. At last check, shares were up 13 cents to $2.02, a gain of 6.7% on nearly 30,000 shares. The $2 level is a key technical level for the stock, and shares could have sharp upside from these levels if they are able to hold the $2 mark. Discovery Laboratories, Inc., a biotechnology company, engages in developing surfactant therapies to treat respiratory disorders and diseases based on its KL4 surfactant and capillary aerosol-generating technologies.