Penny Stock On The Move - SPAB, DVW

• Spacehab In. (SPAB): shares of Webster, Texas based space station supplies provider surged 17.33% or 13 cents to 88 cents as the company submitted proposal to NASA on Tuesday for Space Station commercial cargo transportation. The technical chart shows the stock could be on a rally as K line is now on top of D line. The coverage on the stock began on January 5 at 81 cents per share.
• Covad Communications Group Inc. (DVW): shares of San Jose, CA based Voice-Over-IP service provider rose 8.5% or 13 cents to $1.66 as the company was selected to be the primary provider of national broadband access to Pacific Sunwear. The 52 weeks technical chart shows why the stock has been on a rally as 50 day moving average recently crossed on top over 200 day moving average and formed Golden Cross, typically a very bullish signal. The stock so far has gained 59.62% since coverage began on January 7 at $1.04 per share.