Penny Stock On The Move - IIP, TGC

• Internap Network Services Corp. (IIP): shares fo Atlanta, Georgia based business network solution provider surged for te third straight sessions by gaining 9.09% or 11 cents to $1.32 per share on increase service and new marketing partnership. The technical chart shows the stock this is still a good time to buy the stock as K line has just crossed on top over D line and ROC has just rose from oversold level. The long term trend remains bullish as the stock is on top of 50 day and 200 day moving average with both moving averages going up. The coverage of the stock began on March 17 at 86 cents per share and has since gained 53.49%. [Buy]
• Tengasco Inc. (TGC): shares of Knoxville, TN based oil and natural gas exploration company soared for another 18.06% today to $1.83 per share on high oil price. The technical chart shows the stock is in a strong bull market as MACD is on top over signal line and K line is on top over D line. In addition the long term trend is still bullish as the stock is on top of both 50 day and 200 day moving average with both movine averages going up. However the risk of correction has increased as ROC is approaching overbought level. The stock was covered in early February at 91 cents per share and has since gained 101.1%. [Hold]