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.