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Friday, April 21, 2006

Penny Stocks On The Move - IIP, OTD

  • O2Diesel Corp. (OTD): after another three straight sessions of correction from $2.46 on Monday to $1.64 on Thursday, shares of O2Diesel, a Newark, Delaware based clean diesel fuel technology company soared 15.24% or 25 cents to $1.89 per share, wiping out at least a day of loss. From the three month technical chart we can see that the buyers came back today as the stock dropped to 20 day moving average as ROC is off overbought level while MACD signal is still high above 0. KD remains weak as Ka line is still below D line. The stock was first covered on Wednesday, April 5 at $1.32 per share and has sine gained 43.18%. [Buy]
  • Internap Network Services Corp. (IIP): after four straight down session, shares fo Atlanta, Georgia based business network solution provider bounced back 7.77% or 8 cents to $1.11 per share. The technical chart shows the investors saw the buying opportunity as the stock has dropped a little bit below 20 day moving average and ROC has dropped to oversold level while MACD signal was still above 0. Same as OTD above, KD is the weak part as K line is still below D line. The coverage of the stock began on March 17 at 86 cents per share and has since gained 29.07%. [Buy]


Blogger Dan said...

thanks for the OTD, buying 40ksh monday, Also former penny stock OLAB has ran the past 2 monday's so it shall again! dont miss that one as you gave me otd. just being fare! Go OTD/OLAB!!

4:18 PM  
Blogger applepea said...

oops I guess I missed the big chance of buying OLAB. Whoever bought that stock around $2 just hit a big homerun..

11:44 AM  

Some interesting movement.

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