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Wednesday, April 26, 2006

Penny Stock On The Move - NXXI

  • Nutrition 21 Inc. (NXXI): shares of Purchase, NY based chromium-based nutrition products maker rose 6.22% or 14 cents to new 52 weeks high of $2.39 per share as the company named Paul Intlekofer to be the new Chief Executive Officer. Investors have been bullish as the company has secured distribution for its product in Wal-Mart, Rite Aid, Albertsons, Kroger and another major drug chain. The technical chart shows the buyers are back after the stock hit 20 day moving average while ROC has hit oversold level despite weak signal from KD and MACD. Nevertheless the long term trend is still bullish as the stock is still on top of 50 day and 200 day moving average with both moving averages pointing up. The stock was first covered on Januar 14 at $1.18 per share with a "Buy" rating and has since doubled with 102.54% gain. [Buy]

5 Comments:

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Great looking stock

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