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.