Penny Stock On The Move - CDSS, DVW, NXXI

• Covad Communications Group Inc. (DVW): shares of San Jose, CA based DSL and VoIP service provider surged 22.4% or 41 cents to $2.24 per share as the company sold 6.1 million shares to EarthLink for $10 million or $1.63 per share. The technical chart shows the recent drop brought new buying opportunity as ROC is back to oversold level while the stock is still above both 50 day and 200 day moving average. MACD signal and KD line show the stock is still in bull market as MACD signa lis still above 0 and K line has just crossed on top over D line showing buy signal . The coverage of the stock began on January 7 at $1.04 per share and the stock has since mre than doubled with 115.38% gain.
• Citadel Security Software Inc. (CDSS): shares of Dallas, Texas based security software maker jumped 24.56% or 14 cents to 71 cents per share as the company could be expecting a robust first quarter revenue on increased orders. From the technical chart today's action brought the stock back to bull market with stock now back above 50 day and 200 day moving average while K line is now back on top over D line with MACD signal still above 0 indicating buy signal. The stock was covered in mid February at 45 cents per share and has sinced gained 57.78%.
• Nutrition 21 Inc. (NXXI): shares of Purchase, NY based chromium-based nutrition products maker rose 7.88% or 16 cents to $2.19 as investors continue to anticipate more new deals on the company's nutrition product. The technical chart shows the stock is still in a strong bull market as stock is still on top of 50 day and 200 day moving average with MACD on top of signal line indicating buy signal. In addition K line, after dropping back to D line, seems to rise again on top over D line also showing buy signal. The stock was first covered on Januar 14 at $1.18 per share and has since gained 85.59%.