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.