Penny Stocks On The Move - BPUR, NXXI, SVVS

• Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company bounced back up 13.76% or 15 cents to $1.24 per share after losing 18% in the previous session. The technical chart shows possibility of new buying opportunity as the stock came back up above 50 day moving average as ROC has dropped to oversold level and MACD signal is still above 0. If the stock can rise again then K line will be again on top of D line showing another buy signal. However if the stock dropped again, then the stock may enter into longer correction as the stock will be below 50 day moving average. Since covered on January 10 at 96 cents per share, the stock has gained 29.17%. [Hold]
• SAVVIS Inc. (SVVS): shares of Town & Country, MO based VPN(Virtual Private Network) service provider rose 7.26% or 13 cents to $1.92 per share on new deal with DRM Networks as the company's Content Studio will be bundled with DRM's digital rights management package. The technical chart shows it is a great time to buy the stock as K line has just crossed on top over D line showing buy signal while ROC is still at oversold level. In addition long term trend is still positive as both 50 day and 200 day moving averages are going up. Since covered on April 7 at $1.65 per share, the stock has gained 16.36%. [Strong Buy]
• Nutrition 21 Inc. (NXXI): shares of Purchase, NY based chromium-based nutrition products maker surged for the third straight sessions by addig 8.44% or 19.7 cents to $2.587 per share on announcement of new CEO. The technical chart shows now is a great time to buy the stock as K line has just crossed on top over D line while ROC remains low at oversold level. In addition the long term trend remain bullish as the stock is on top of 50 day and 200 day moving average with both moving averages going up. The stock was first covered on Januar 14 at $1.18 per share with a "Buy" rating and has since more than doubled with 119.24% gain. [Strong Buy]