Penny Stock Watch - MDII

The penny stock which is making a buzz today is MDI Inc.(MDII), a San Antonio, Texas based firm which provides integrated security and system management software and hardware solutions for government and commercial organizations. The stock is up 54% today to $1.1 per share as the US Patent and Trademark Office has granted the company's new patent on video data storage. As digital surveillance and biometric related products become more and more important due to terroriest threat and tightening watch on illegal immigration, the penny stock company is on the right track with great potential.

On the technical side of the stock, although the 50 day and 200 day moving average still indicates weakness as the stock still trading below both moving average and 50 day MA has cross below 200 day MA, a bad sign for the stock, other indicators suggests that the stock should be ready for an upswing. With MACD is rising close to 0 and KD is rising towards 80, we should see stock doing well.

The top executives had exercised stock options recently which shows the management team is upbeat about the stock. The financial statement doesn't look too pretty as revenu and asset are still decreasing although net losss has been reduced as well.

Penny Stock Score (1~5) 5 is highest
1. News Buzz: 4
2. Technical: 3
3. Financial: 2
4. Market Potential: 5
5: Insider: 5