Penny Stock Pick - ANO
The penny stock company on the spotlight today is Anooraq Resources Corporation(ANO), a Vancouver, Canada based company operating meneral properties in South Africa. The stock today surged 13.21% or 14 cents to $1.2 per share at four times average volumn of 1.4 million shares despite having no news. Lets take look at the stock in more detail to see if this is the stock worth buying.
Technical
The technical chart shows possibillity of a rally as the stock is trading above 50 day and 200 day moving average while 50 day moving avearge has crossed on top over 200 day moving average in mid February to forme a very bullish buy signal - Golden Cross. In addition with MACD above 0 and K line crossing on top over D line, a major rally is probably coming.
Financial
The company has a very weak financial as it generated no revenue for 2003 and 2004 while getting increasing net losses. Looking at the balance sheet, since the total assets are very close to net loss, the company will be still in need to raise cash either by borrowing or selling more stocks.Penny Stock Score (1~5) 5 is highest 1. Market Potential(precious metal): 42. Technical: 5
3. Financial: 1
Recommendation: Buy
Penny Stock On The Move - AGT, TGC
- Apollo Gold Corp. (AGT): shares of Greenwood Village, CO based gold mining compapny surged 11.28% or 7 cents to 72 cents per share. The technical chart shows the stock is on a strong bull market as the stock is trading above 50 day and 200 day moving with both moving average pointing upwards. Other indicators such as MACD and KD line also show buy signal as MACD is still above 0 and K line has crossed on top over D line. The coverage on the stock began on February 27 at 59 cents per share and the stock has since gained 22.03%.
- Tengasco Inc. (TGC): shares of Knoxville, TN based oil and natural gas exploration company soared 17.7% or 17 cents to $1.13 per share. The technical chart shows the stock is in a very strong bull market with stock trading above both 50 day and 200 day moving average while both 50 day and 200 day moving average are pointing up. In addition MACD breaking above signal line and K line crossing on top over D line all indiates strong buy signal. The stock was covered on February 2 at 91 cents per share and has sinced gained 24.16%.
Penny Stock Pick - BWEB
The penny stock company on the spotlight today is BackWeb Technologies Ltd.(BWEB), a San Jose, CA based offline Web access software provider. On Tuesday the company annouced that Oracle(ORCL) has validated it's software integration solution which will enable Oracle's PeopleSoft Enterprise Learning Management users to access personal learning workflow and course training content offline. BackWeb, being one of the Oracle's Certified Partner, has already provided another offline integration solution in April of 2005. The news send the stock up 10% or 8 cents to 82 cents per share and probably is just the beginning of major rally as the following analysis shows this is a great stock to buy.
Technical
The technical chart shows this is a perfect time to buy as the stock is trading above 50 day and 200 day moving average with both moving average poiting up while MACD is above 0, indicating strong bull market. Other indicators such as ROC and KD also show buy signal as ROC is still at oversold level while K line has just crossed on top over D line.
Insider
There is no insider transaction for more than a year except for the institutions which have sold 98 thousands shares for the most recent quarter.
Financial
Although the company generated less revenue in 2004 compared to previous year, for year 2005 the revenue rose 25.6% to $6.91 million while the net loss for the year was significantly lower - about $989 thousands compared to net loss of $5.14 million in the previous year. The robust earning was due to higher license revenue as well as improving service revenue. One other encouraging news contributing to positive earning was addition of new customers.Penny Stock Score (1~5) 5 is highest 1. Market Potential(application software): 32. News Buzz: 4 3. Technical: 5
4. Financial: 5
Recommendation: Strong Buy
Penny Stock On The Move - NGRU, TGC, NXXI
- netGuru Inc. (NGRU): shares of Yorba Linda, CA based collaborative software maker rose 9.47% or 5 cents to 52 cents per share as the stock continued the volatile move in which the stock went from 58 cents on Thursday to as high as 97 cents per share on Friday before came back to 48 cents per share yesterday, a 50%+ swing for each trading session. The technical chart shows the stock is on still weak as it is still trading below 50 day and 200 day moving average while K line is falling below D line. The only positive signal is MACD where the signal line has been rising and is about to break above 0. The coverage on the stock began on February 23 at 46 cents per share and the stock has since gained 13.04%.
- Tengasco Inc. (TGC): shares of Knoxville, TN based oil and natural gas exploration company surged 14.29% or 12 cents to 96 cents per share. The technical chart shows the stock is on a very strong bull market as the stock is trading above 50 day and 200 day moving average with both moving average moving up while KD line and MACD line also showing buy signal as K line is on top of D line and MACD is on top of 0. All the positive sign shows this is a great time to buy the stock. The stock was covered in early February at 91 cents per share.
- Nutrition 21 Inc. (NXXI): shares of Purchase, NY based chromium-based nutrition product maker soared 14.74% or 23 cents to $1.79 on new deal last Thursday with Albertson. The technical chart shows the stock is on a strong bull market as stock is trading above both 50 day and 200 day moving average while MACD is above 0 and K line is on top over D line, all showing buy signal. possibility of new rally as the stock bounced up after dropping back to 50 day moving average as both 50 day and 200 day moving averages are both pointing up. In addition K line has just crossed on top over D line showing strong buy signal as ROC is at oversold level. The stock was first covered on January 14 at $1.18 per share and has since gained 51.69%.
Penny Stock On The Move - AAC, CDSS, NERX, LOUD
- Ableauctions Inc. (AAC): shares of Canada based online auction hosting service provider rose 8.51% or 4 cents to 51 cents per share, the third straight session that the stock ends in green. The technical chart shows the stock is on still on a strong bull market as the stock is trading above 50 day and 200 day moving average with MACD rising above 0 and KD line reaching high level of 80 with K line on top of D line. The coverage on the stock began on March 8 at 35 cents per share and the stock has since gained 45.71%.
- Citadel Security Software Inc. (CDSS): shares of Dallas, Texas based security software maker jumped 18.18% or 10 cents to 65 cents per share as the company announced fourth quarter financial result after the market close. The stock was down 2 cents in after market as the company reported narrowed fourth-quarter loss on doubled revenue and cost-cutting plan. After today's action the technical chart will show stronger bull market signal as the stock price is now above 50 day and 200 day moving average as KD line will also reverse its downtrend move while MACD signal still remains bullish above 0. The stock was covered in mid February at 45 cents per share and has sinced gained 44.44%.
- NeoRx Corp. (NERX): shares of Seattle, WA based biotechnology company surged 10.43% or 12 cents to $1.27 per share with no news. The technical chart shows possibility of new rally as the stock bounced up after dropping back to 50 day moving average as both 50 day and 200 day moving averages are both pointing up. In addition K line has just crossed on top over D line showing strong buy signal as ROC is at oversold level. The stock was first covered on February 3 at $1.07 per share and has since gained 18.69%.
- Loudeye Corp. (LOUD): shares of Seattle, Washington based business-to-business(B2B) digital media services provider soared 17.31% or 9 cents to 61 cents per share as the company provides update on auditor's going concern last Thursday. From the technical chart KD line shows positive signal as K line is rising on top over D line. However the stock is still weak as MACD signal is still below 0 as the stock is still trading below 200 day moving average. The coverage on the stock began in mid February.
Penny Stock On The Move - AAC, IIP
- Ableauctions Inc. (AAC): shares of Canada based online auction hosting service provider rose 6.82% or 3 cents to 47 cents per share. The technical chart shows the stock is on a strong bull market as the stock is trading above 50 day and 200 day moving average with MACD rising above 0 and KD line reaching high level of 80. The coverage on the stock began on March 8 at 35 cents per share and the stock has since gained 34.29%.
- Internap Network Services Corp. (IIP): shares of Atlanta, Georgia based internet service provider for business customers surged 6.82% or 6 cents to 94 cents per share. The technical chart shows the stock is still in the bull market as the stock is trading above both 50 day and 200 day moving average as 50 day moving average has just crossed on top over 200 day moving average in late February and formed the Golden Cross - a very bullish signal. In addition MACD and signal line are still above 0 also showing buy signal. One signal to pay attention to is ROC which has reached overbought signal and KD line where K line is dropping belo D line. Both signal shows correction may be coming soon. The stock was covered last Friday, March 17 at 86 cents per share and has sinced gained 9.3%.
Penny Stock On The Move - NGRU, NXXI
- netGuru Inc. (NGRU): shares of Yorba Linda, CA based collaborative software maker adds another 8.49% to the 23.26% gain yesterday to 57 cents per share despite having no news. The technical chart shows the stock has gained strength as MACD is less than the signal line and K line has rose above D line indicating the stock is back to bull market. The coverage on the stock began on February 23 at 46 cents per share and the stock has since gained 25%.
- Nutrition 21 Inc. (NXXI): shares of Purchase, NY based chromium-based nutrition products maker rose 8.21% or 11 cents to $1.45 per share as the company gets purchase order from supermarket chain Albertson's Inc.(ABS) for the firm's Chromax supplement. The technical chart shows the stock is still in the bull market as the stock is trading above both 50 day and 200 day moving average and MACD signal line still above 0. Another indicator KD line shows the stock may be on a new rally again as K line is about to cross on top over D line. The stock was initially covered on January 14 at $1.18 per share and has sinced gained 22.88%.
Penny Stock Pick - LIV
New Hope for Alzheimer's The penny stock company on the spotlight today is Samaritan Pharmaceuticals Inc.(LIV), a Las Vegas, NV based biopharmaceutical company developing drugs for treatment of AIDS, Alzheimer's, cancer and cardiovascular diseases. The stock today soars 14.31% or 7 cents to 56 cents per share as the latest study on it Alzheimer's drug shows no toxic effects. Let's take a detail look at the stock and see if this is the right time to buy the stock.
Technical
Although the moving average shows weakness according to the technical chart as the stock is still trading both 50 day and 200 day moving average with both moving average heading downward, there are other technical indicators showing strength. One indicator is MACD which is above 0 and stochastics in which K line has rose on top over D line, both showing buy signals.
Insider
There hasn't been any insider transaction for the past 3 months and the most recent insider transaction was in December 5 with sale of 46 thousands shares.
Financial
The financials of the company seem weak as the company is generating little revenue while bearing huge losses quarter by quarter. As the cash level is dropping to low level again, the company will need to raise additional cash either by private funding or selling of stocks.Penny Stock Score (1~5) 5 is highest 1. Market Potential(Alzheimer/AIDS/Cancer Drug): 52. News Buzz: 4 3. Technical: 4
4. Insider: 2
5. Financial: 1
Recommendation: Buy
Penny Stock On The Move - NGRU, VRA
- netGuru Inc. (NGRU): shares of Yorba Linda, CA based collaborative software maker jumped 23.26% or 10 cents to 53 cents per share despite having no news. The only sign from the technical chart that shows the stock could be going up is MACD which is less than the signal line showing the stock should be on a recovery. The surge today brought K line above D line indicating the stock is back to bull market. However the stock can be encountering resistence at 50 day moving average. The coverage on the stock began on February 23 at 46 cents per share and the stock has since gained 15.22%.
- Viragen Inc. (VRA): shares of Plantation, Florida based biopharmaeutical company on treatment of cancers surged 11.86 or 7 cents to 66 cents per share as the company announced the completion of a private financing worth $5.2 million on Tuesday. The technical chart shows major rally could be coming as the 50 day moving average has crossed on top over 200 day moving average and formed Golden Cross, a very bullish sign. In addition K line has crossed on top over D line indicating buy signal. One weak signal is MACD which has dipped below 0. The stock was initially covered on January 18.
Penny Stock On The Move - SPAB
- Spacehab In. (SPAB): shares of Webster, Texas based space station supplies provider surged 8.79% or 8 cents to 99 cents per share with no news. The technical chart shows the stock could be on a new rally as the MACD has rose back above 0 indcating bull market. In addition the stock is back near 50 day moving average which should attract more buyers. One technical indicator to watch is KD line in which K line is still below D line showing weakness. The coverage on the stock began on January 5 at 81 cents per share and has since gained 22.22%.
Penny Stock Pick - PRGX
The penny stock company on the spotlight today is PRG-Schultz International Inc. (PRGX), a Atlanta, Georgia based recovery audit services provider. Today the stock soars 13.79% or 7 cents to 60 cents per share as the company tries to turn around by restructing its dept to keep the company liquid. Let's take a detail look at the stock and see if the stock is worth buying.
Technical
From the technical chart the stock looks weak as the stock is still trading below both 50 day and 200 day moving average with MACD below 0 indicating bear market. However as K line has crossed on top over D line we probably could be expecting a rally. However there could be selling pressure at 50 day moving average and 2q00 day moving average.
Insider
There hasn't been any significant insider transaction recently yet the transactions around the end of the year were mostly sell of the stock from the beneficial owner Channel Capital LLC.
Financial
The revenue for the company has been sliding for the past few years as the revenue for 2005 dipped below $300 millions for the first time. And instead of operating income for 2004 the company ended up with operating loss of 196 millions for 2005 on impairment and restructuring expenses. From the balance sheet, the asset for 2005 has shrunk to less than half of the assets of the previous year. The financials of the company seems negative. Penny Stock Score (1~5) 5 is highest 1. Market Potential(audit recovery service): 32. News Buzz: 4 3. Technical: 2
4. Insider: 2
5. Financial: 2
Recommendation: Hold
Penny Stock On The Move - MDII, TGEN
- MDI Inc. (MDII): shares of San Antonio, Texas based integrated security solutions provider soared 10.22% or 14 cents to $1.51 per share. The technical chart shows the stock is on a strong bull market now as the 50 day moving average has crossed on top over 200 day moving average forming a bullish sign known as Golden Cross. In addition KD line is still in bull market as K line is still on top of D line. On the other hand the ROC, a overbuy/oversold indicator, remains relatively low showing there's still buying opportunity for the stock. The coverage on the stock began on December 27 at $1.05 per share and has since gained 43.81%.
- Targeted Genetics Corp.(TGEN): shares of Seattle, Washington based gene therapy products maker surged 15.91% or 7 cents to 51 cents per share as the company received approval from FDA on its arthritis treatment therapy. The technical chart shows it is probably the time for a rally as K line has just crossed the D line indicating buy signal. One of the weakness however is MACD which has dropped below 0. The stock was first covered on February 6.
Penny Stock Pick - IIP
Medical Miracle The penny stock company on the spotlight today is Internap Network Services Crop. (IIP), a Atlanta, Georgia based internet connectivity solutions provider. Today shares soar 19.44% or 14 cents to 86 cents per share on strong financial and new product announcement. The stock actually has been doing well recently as it went from 45 cents in February to 86 cents today, gaining more than 90% in just a month. Let's take a detail look at the stock and see why the stock has been doing well and why you should probably have the stock in your portfolio.
Technical
The technical chart shows the stock has turned from a bear market to a bull market as both 50 day and 200 moving average are now pointing up as 50 day moving average on top over 200 day moving average forming Golden Cross - typically a very bullish sign. Another technical indicator MACD has rose above 0 since mid February also showing a bull market. Two indicators to beware of are ROC and KD which are both at the high showing the stock is overbought at the moment. However the stock is still a great long term play at this point.
Insider
Although the insitutions were selling the stock, the top executives such as Chief Financial Officer, Chief Technology Officer and Vice President have been acquiring shares recently with 500 thousand shares for each transaction. This shows the management team is optimistic of the company at least for now.
Financial
The financial chart looks healthy as the company has sequencial revenue growth for the past few years. Another very healthy sign from the financial statment is the net loss which has been reduced from 18 millions in 2004 to only 4.9 millions for the fiscal year 2005, trimming more than 70%. Penny Stock Score (1~5) 5 is highest 1. Market Potential(internet service): 42. News Buzz: 4 3. Technical: 44. Insider: 4 5. Financial: 4 Recommendation: Strong Buy
Penny Stock On The Move - AAC, PLC
Penny Stock Pick - PLC
Medical Miracle The penny stock company on the spotlight today is PLC Systems Inc. (PLC), a Franklin, MA based medical device company for cardiac and vascular markets. The company today reports an decrease in revenue and a net loss for the fourth quarter of 2005 comparing with same quarter of previous year. However the main focus from the investors are not the so so quarter result but the newly revised cardiac laser deal with Edwards Lifesciences which will bring in $1.5 million for manufacturing and development rights for laser and $1.7 million for royalties on future revenue. The deal helps boost the stock 5 cents or 8.62% to 63 cents per share on twice the average volumn of 101,300 shares. Let's take a detail look at the stock and see if this is the right time to buy the stock.
Technical
The technical chart shows this is the perfect time to buy the stock as ROC is at record oversold level near -0.2. The KD line is also showing possible buying opportunity as K line may be about to rise on top of D line as both are at low of below 20. In addtion the 50 day moving average has crossed on top over 200 day moving average around early February to form the Golden Cross. Typically when a Golden Cross is formed the stock will be heading into a strong bull market. The negatives to watch from the technical chart is MACD which is about to drop below 0 and also the stock price which is declining towards 200 day moving average.
Insider
There is no transactions recently from the company insiders. However the institutions have purchased additional 40 thousands shares in the latest quarter.
Financial
The revenue for the fisical year of 2005 is slighly higher than the previous year according to the earning announcement today. However the net loss for 2005 increased to $1.2 million in 2005 comparing to net loss of $0.8 million in 2004. The increase in net loss was due to additional research and development cost which actually was a plus sign for a technology company. The balance sheet may fluctuate a little bit as the company converted 70% of the cash into investments beginning at the first quarter of 2005. Penny Stock Score (1~5) 5 is highest 1. Market Potential(medical device): 42. News Buzz: 5 2. Technical: 4 4. Financial: 3 Recommendation: Strong Buy
Penny Stocks On The Move - BPUR
Penny Stock On The Move - SPAB, DVW
Penny Stock Pick - MEDC
Golden Opportunity One of the big winners of the penny stock company is Med-Design Corp. (MEDC), a Ventura, California based firm manufacturing safety medical devices to reduce the risk of accidental needle sticks. After going thru a long down term from $41 in August 2001 to 50 cents per share last month the stock is probably ready for a big break thru as it surged 26.89% or 16 cents to 78 cents per share. Let's take a detail look at the stock and see why you should be owning the stock.
Technical
The technical chart shows the stock is ready to fly high as the 50 day moving average has crossed the 200 day moving average to form the Golden Cross. Typically when a Golden Cross is formed the stock will be heading into a strong and long bull market. On the other hand both MACD above 0 and ROC around oversold level point to strong buy signal which is why the stock soars 26% with such heavy volumn.
Insider
In the past two months there were twelve insider purchases from the company's benefical owner Adage Capital ranging from 200 shares to 33 thousand shares. In addition the institutions had purchased additional 766 thousands shares in the lastest quarter, up 12% from prior quarter. The bullish insiders should indicate the stock is really worth buying.
Financial
Looking at financial statement, the company is getting consistant revenue growth year after year as well as reduction in net loss. For the fisical year 2005, the company should see record revenue as well as narrowing net loss. The only thing to watch is the cash level as the company may have to raise additional cash to maintain a healthy balance.Penny Stock Score (1~5) 5 is highest 1. Market Potential(medical safety device): 4 2. Technical: 5
3. Insider: 5 4. Financial: 4 Recommendation: Strong Buy
Penny Stock On The Move - BPUR, CTCH, MDII
- Biopure Corp. (BPUR): Although there is no breaking news for Biopure, a biotechnology company , yet the stock soars 19.44% or 21 cents today to $1.29 per share. The stock is now above the 200 day moving average which is a bullish sign for a stock. We began coverage on BPUR on Januray 10 when it was trading at only 96 cents per share. So far the stock has gained 34.38% and is the second leading gainer among the selected penny stocks behind Covad Communications (DVW) which has gained 47.12% so far.
- Commtouch Software Ltd. (CTCH): shares of Commtouch Software, an anti-spam software maker based in Israel, surged 10.01% today to $1.21 and added another 7.43% to $1.30 in after-hour trading with 1.8 million shares traded, about 10 times as much as the shares traded in the previous session. On Tuesday, the stock dropped near 50 day moving average line and probably sparked the heavy buying activities today. The stock was first introduced on December 28 of last year at $1.2 per share.
- MDI Inc. (MDII): shares of San Antonio, Texas based integrated security solution provider jumped 16.07% or 18 cents to $1.3 after technical indicator ROC fall to oversold level below 0 in the previous trading session. Another technical indicator KD is showing buy signal as K line is now on top of D line. The stock has gained 23.81% already since coverage began on December 27 at $1.05 per share.
Penny Stock Pick - AAC
Auctions Pioneer The penny stock of the day is Ableauctions.com Inc. (AAC), a Coquitlam, Canada based online auction broadcasting services provider for United States. Basically the company provides a website for company to host auction as well as invite people or other companies to participate in the auction. The most recent one was the Euro Auctions on February 2 which sold about $1.5 million to the Internet and beginning today, March 8, the site will also host a three day Spring auction for JM Wood Auction Company. As the stock is up 9% today on the auction hype, it is probably a good time to analyze the stock and see if the rally can sustain.
Technical
Looking at the technical chart, the stock is now trading above 50 day moving average and is heading to the 200 day moving average. The 200 day moving average is a key resistance level and if the stock can break thru it and brings the 50 day moving average up we probably may see major rally coming. Technical indicator MACD seems to be breaking above 0 showing the stock is heading towards a bull market. One other positive indicator is the KD line where K line is rising on top of D line generally meaning buy signal. However please beware that K line is now heading south and if it drops below D line then the stock could be heading back to test the 50 day moving average.
Insider
There is no significant activity from the insider transactions recenty.
Financial
Revenue wise the company seems to be doing well as it generates four times as many revenues in 2004 comparing with 2003. Based on the first three quarters, revenue for 2005 probably will be similar to 2004. The company has been generating net income for 2003 and 2004 and may also have net income for 2005 based on the result of first three quarters.Penny Stock Score (1~5) 5 is highest 1. Market Potential(online auction hosting): 4 2. News Buzz: 3
3. Technical: 4
4. Financial: 4 Recommendation: Buy
Penny Stocks on the Move - March 7
Penny Stock on the Move - March 6
- Covad Communications Group Inc. (DVW): shares of San Jose, CA based voice and data communication service provider soared 12.16% or 18 cents to new 52 weeks high of $1.66 per share. The stock has gained 59.62% since covered in early January at $1.04 per share.
Penny Stocks on the Move - March 3
Penny Stocks on the Move - March 2
- AXM Pharma Inc. (AXJ): shares of Las Vegas, Nevada based diabetes drug maker skyrocketted 25 cents or 64.06% to 64 cents per share after the company announced that it has received funding worth $1.2 million US from Shenyang Municipal Government, the northearstern part of China. 1.1 million shares have exchanged hands, about 10 times the shares traded in the previous session.
- Citadel Security Software Inc. (CDSS): shares of Dallas, Texas based security software maker rose 3 cents or 5.88% to 54 cents per share. Last Thursday the stock went as high as 85 cents per share. Since the coverage began in mid February at 45 cents per share, the stock has gained 20%.
- Covad Communications Group Inc. (DVW): shares of the San Jose, CA based voice over ip (VoIP) service provider surged 10.85% to $1.43 per share as its Senior Vice President has been appointed to the Governing Board of the California Technology Fund which will be used to achieve state-wide access to broadband services in California by 2010. The stock has gained 37.5% since the coverage started in early January at $1.04 per share.
Penny Stock Pick - EMRG
ID for Animals eMerge Interactive Inc(EMRG), the Sebastian Florida based company making animal tracking and database management for feef industry, got massive pre-market trading today after a report saying U.S. livestock may get individual identification numbers. The stock is up more than 10% today as close to 3 million shares, almost four times average volumn, have traded so far. The news may spark rally for the beaten down stock which has lost more than half of its market cap for the year.
Technical
The technical chart shows weakness as the stock is trading below both 50 day and 200 day moving average. Technical indicator MACD also shows the stock is on a bull market as the on a bull market as the signal is well below 0. One positive indicator is the KD line where K line is rising on top of D line generally meaning buy signal. However unless the stock can break above 50 day and 200 day moving average any rally is considered bounce back in a bear market.
Insider
There is no significant activity from the insider transactions recenty.
Financial
Although the company was getting sharp descrease in revenue for 2003 and 2004 comparing to 2002, the revenue for 2005 should improve for 2005. The additional private placement financing deal in January worth $3.2 million should also improve the balance sheet and the working capital as the company is still having steep operating losses.Penny Stock Score (1~5) 5 is highest 1. Market Potential(animal identification): 4 2. News Buzz: 4
3. Technical: 2
4. Financial: 2 Recommendation: Neutral
