Penny Stock Pick - POCC

The penny stock of the day is POCC, the Palm Desert, CA based petroleum gas wholesaler in northeast Mexico. Recently the stock has unusual activities as it went from $0.4 per share on Monday all the way to $0.92 per share today, a 100% plus gain with no news. Maybe the shortage of energy is fueling the stock growth.

Technical
From the technical chart MACD and KD both signal positive strength. However ROC has rose too quickly and is now at overbuy level so profit taking could may start very soon. The stock is now above 50 day and 200 day moving average and if the upward trend can continue for another month and 50 day moving average can cross on top over 200 day moving average than the stock will be ready for a big rally.

Insider
Looking at the insider transaction we only see two recent acquisition of 2,500 shares each from the officer. The institutions however has been reducing the holding for another 483 thousands shares or 23% in the previous quarter, not a good sign for the stock.

Financial
In the financial statements although the company is still generating income yet we still see continuous revenue decline. Hopefully more demand in energy will help the company's financial this year.

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