Penny Stocks On The Move - IIP, OTD, TGC, SVVS

• O2Diesel Corp. (OTD): shares of O2Diesel, a Newark, Delaware based clean diesel fuel technology company rose for the second straight session by adding 8.47% or 16 cents to $2.05 as investors keep pouring money into energy saving stocks. The three month technical chart shows possible rally as the stock bounced up after dropping to 20 day moving average as ROC is off overbought level with MACD signal still above 0 indicating bull market. KD remains weak as K line is still below D line yet is very close to cross on top over D line. The stock was first covered on Wednesday, April 5 at $1.32 per share and has sine gained 55.3%. [Buy]
• Internap Network Services Corp. (IIP): shares fo Atlanta, Georgia based business network solution provider also rose for the second straight day by adding 9.01% or 10 cents to $1.21 per share. The technical chart shows the stock is back to a new rally as K line has just crossed on top over D line and MACD signal is still on top of 0 indicating bull market. In addition since ROC is still at oversold leve there is plenty of room for the stock to go up for the short term. In addition 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 40.74%. [Buy]
• Tengasco Inc. (TGC): shares of Knoxville, TN based oil and natural gas exploration company soared 18.33% or 24 cents to $1.55 per share as the company completed 8-well drilling program on oil producing properties in Kansas. oil price tops at $70 per barrel. The technical chart shows it is perfect time to buy the stock as stock as MACD is on top over signal line and K line has just crossed 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. The stock was covered in early February at 91 cents per share and has since gained 70.33%. [Strong Buy]
• SAVVIS Inc. (SVVS): shares of Town & Country, MO based VPN(Virtual Private Network) service provider gained 8.07% or 13 cents to $1.74 per share prior to the first quarter earning annoucement after the market close. The technical chart shows this is a great time to buy the stock as K line is about to cross on top over D line while MACD signal remain high above 0 and ROC is still at low level. In addition the long term trend is bullish as the 50 day moving average has just crossed on top over 200 day moving average in early April. The stock was covered on April 7 at $1.65 per share. [Strong Buy]