Penny Stocks On The Move - BSML, SPAB

• BriteSmile Inc. (BSML): shares of Walnut Creek, CA based teeth whitening product maker rose 7.63% or 10 cents to $1.41 per share. The technical chart shows the stock is ready for major rally as 50 day moving average has just crossed on top over 200 day moving average to form Goldnen Cross, a very bullish signal. In addition MACD show positive sign as MACD and signal line are above 0. The stock was initiated on January 4 at $1.21 per share. [Strong Buy]
• SPACEHAB Inc. (SPAB): shares of Webster, Texas based space service company gained 7.5% or 9 cents to six month high of $1.29 per share. The technical chart shows the stock has just entered into a strong bull market as 50 day moving average has just crossed on top over 200 day moving average to form Golden Cross. In addition bot MACD and KD show buy signal as MACD is above signal line and K line is on top of D line. The coverage of the stock began on January 5 at 81 cents per share and the stock has since gained 59.26%. [Strong Buy]

Penny Stock Pick - GRN

The penny stock on the spotlight today is GreenMan Tecnologies Inc. (GRN), the Lynnfield, MA based scap tires processing and marketing company. The stock has been doing well this year on possible turnaround with new chief executive officer and stock buyback which push the stock from low of 20 cents in January to as much as 61 cents per share in April. In addition the technical chart show this is probably a great stock to buy.

Technical
The technical chart shows positive signal as the 50 day moving average has crossed on top over 200 day moving average around early April to form Golden Cross, a very bullish signal. In addition KD also show buy signal as K line is about to cross on top over D line. One weak signal is MACD where MACD and signal line are both declining around 0.

Insider
The top executives such as director and chief executive officer are bullish of the company this year as they have purchased total of almost 770,000 shares in April.

Financial
The income statement looks ok as the company has been getting steady revenue growth for the past few years. However based on the data from first three quarters the company could probably have more net loss for fiscal year of 2005. In addition since the cash level the company will still need to continue borrow money or sell stocks.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(Recycling Material): 4
2. Technical: 4
3. Insider: 5
4. Financial: 3
Recommendation: Buy

Penny Stocks On The Move - ADL, DVW, SIGA, SPAB

• AMDL Inc.(ADL): shares of the Tustin, CA based company manufacturing cancer detection products advaned 7.59% or 6 cents to 85 cents per share as the company made effort to keep staying listed in the American Stock Exchange. The technical chart shows the stock is in a strong bull market rally as MACD is on top of signal line and K line is on top of D line. In addition the long term trend is also bullish as the stock is above 50 day and 200 day moving averages with both moving averages going up. The coverage on the stock began on April 26 at 64 cents per share and the stock has since gained 33%. [Buy]
• Covad Communications Group Inc. (DVW): shares of San Jose, CA based DSL and VoIP service provider soared 12.44% or 25 cents to $2.26 per. The technical chart shows the stock is in a rally as K line is rising on top of D line as the price is back above 50 day moving average. However the stock is still somewhat weak as MACD and signal line are still below 0. Nevertheless MACD show sign of improvement as MACD is less than signal line. The coverage of the stock began on January 7 at $1.04 per share and the stock has since gained 117%. [Accumulate]
• SIGA Technologies Inc. (SIGA): shares of the New York based biological wafare defense product maker surged 9.92% or 13 cents to $1.44 per share. The technical chart shows the stock could be back to new rally again as K line is about to cross on top over D line and the stock is back above both 50 day and 200 day moving averages. Moreover MACD shows the stock is still in bull market as MACD and signal line are above 0. The coverage on the stock was initiated on May 2 at $1.41 per share. [Strong Buy]
• Spacehab In. (SPAB): shares of Webster, Texas based space station supplies provider surged 9.65% or 11 cents to $1.25 per share after the company's subsidiary has been awarded a new contract from Boeing to provide payload processing services. The technical chart shows strong bull market sign as 50 day moving average has just crossed on top over 200 day moving average to form Golden Cross. In addition MACD and KD also show buy signal as MACD is on top over signal line and K line is on top of D line. The coverage on the stock began on January 5 at 81 cents per share and has since gained 54.32%. [Strong Buy]

Penny Stocks On The Move - BPUR

• Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company rose for the second straight day by adding another 9% or 9 cents to $1.09 per share. The technical chart shows possible new rally as K line has crossed on top over D line while ROC is still at oversold level. However the stock is still in bear market as MACD and signal line are both below 0 and the stock is just back at 200 day moving averages. It is better to wait and see if the stock can break above 200 day moving average. The coverage on the stock began in January 96 cents per share.[Hold]

Penny Stock Pick - UDW

The penny stock on the spotlight today is US Dataworks Inc. (UDW), the Houston, Texas based company developing payment processing software to bank, credit card company, retailers and government. Recently the company signed contract with Bank of Oklahoma to deliver its accounts receivable conversion solution. Since then the stock has rose for three consecutive days and added 8.75% or 7 cents to 87 cents per share, near 52 weeks high. Not only the news the following analysis show why this is a great time to buy the stock.

Technical
The technical chart shows very positive signal as the 50 day moving average has crossed on top over 200 day moving average to form Golden Cross. In addition with MACD still rising and MACD on top over signal line, the stock is now in a strong bull market

Insider
The insider transaction shows mix signals with some purchases and some sales of the stock. All the buys came in ealier 2005 and late 2004 while the sales were mostly in mid 2005.

Financial
The income statement shows strong sign of growth as the company is expected to generated a lot more revenue for the fiscal year of 2005, $3.7 million for three quarters so far, compare to only $2.6 million in the previous fiscal year. In addition the company is also expected to have significantly less net loss or even net come for the fiscal year of 2005 compared to net loss of $6 million in the previous year. However since the company's cash level is still falling, it will still need to continue sell stock or borrow money.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(financial software): 4
2. News: 5
3. Technical: 5
4. Insider: 3
5. Financial: 4
Recommendation: Buy

Penny Stock On The Move - BPUR

• Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company surged 11.11% or 10 cents to $1 per share after losing 18% in the previous session. The technical chart shows investors are back for bargain hunting after seeing ROC and KD reached low level. However the stock is still in bear market as MACD and signal line are both below 0 and the stock is below 50 day and 200 day moving averages. The coverage on the stock began in January 96 cents per share.[Hold]

Downgrade Alert - EAG

Long Way From Profit Here in Penny Stock Pick we rate penny stock by news, market potential, insider, financial statement and technical chart. The average rating of the stock is then used to determine how we would recommend the stock from Strong Buy to Strong Sell. After noticing continuous negative trend on the stock, we are updating the rating on Eagle Broadband Inc. (EAG), the League City, Texas based broadband service provider to government, military and corporation. After seeing share price dropped to historic low of 3 cents per share in May, the company issued a 1:35 reverse stock split on May 15 from 5 cents per share to $1.75. Although the stock has went almost doubled to as much as $3.85 per share, since then the stock has been on a slide to $2.27 per share or 6 cents before the reverse split. Recently the company has been working on demostrating the company to financial analysts hoping to give the ananlyst more confidence. However looking at the following details of the stock it's really hard to imagine we will see any positive things going very soon:

Technical
Although he technical chart shows some positive as K line is on top of D line, since both 50 day and 200 day moving averages are still falling the stock is still in a bear market which is why we see another sell-off after the stock touched 50 day moving average. Unless MACD and signal line can rose back and stayed above 0 for a while, we will not see any big positive rally going.

Insider
The insider transactions still show negative sign as both director and intitution have been selling stocks lately. The sale of stock of the director was in this month with 1 million shares.

Financial
The latest quarter report show the company has generated about 34% less revenue in the quarter ending in February of 2006 compared to same quarter of previous year. However net loss has been cut in half as operating expenses has been reduced due to job cut and restructuring. In addition since the cash level is still declining the company may need new financing or to sell stock to maintain a healthy cash level.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(broadband): 3
2. News: 3
3. Technical: 2
4. Insider: 1
5. Financial: 2
Recommendation(2.2): Sell

Penny Stocks On The Move - CAU, CVM, OTD, QEE

• Canyon Resources Corp. (CAU): shares of the Golden, Colorado based gold mining company rose 7.96% or 9 cents to $1.22 per share on rising gold price. The technical chart shows possibility of new rally as K line has just crossed on top over D line while MACD and signal line are still above 0. In addition the long term trend indicates the stock is still in bull market as both 50 day and 200 day moving averages are going up. The stock was initially covered on May 11 at $1.21 per share. [Strong Buy]
• CEL-SCI Corp. (CVM): shares of Vienna, VA based bird flu vaccine enhancer maker skyrocketted 25.88% or 22 cents to $1.07 per share and added another 14.95% to $1.23 in after hour on successful mid-stage clinical trial of its cancer drug. The technical chart shows buyers are back after seeing ROC dropped to oversold level and K line was about to cross on top over D line. In addition the after hour action has brought the stock back above 50 day and 200 day moving averages. The only weak spot is MACD where both MACD and signal line are below 0. The coverage on the stock was initiated on April 3 at 82 cents and the stock has since gained 30.49%. [Buy]
• O2Diesel Corp. (OTD): shares of Newark, DE based clean diesel technology company surged for the third consecutive day by adding another 11.94% or 16 cents to $1.5 per share following the 15.52% gain yesterday and five cents gain last Friday. The technical chart shows possibility of rally as K line is on top of D line while ROC is still at oversold level. Tomorrow would be very critical as the stock is now back at 50 day moving average. If the stock can rose again than we will be back to bull market. One weak spot is MACD where MACD and signal line have just dip below 0. [Hold]
• Queenstake Resources Ltd. (QEE): shares of the Denver, Colorado based gold mining company gained 8.11% or 3 cents to 40 cents per share on rising gold price. The technical chart shows buying opportunity as ROC has juse rose from oversold level with K line ready to cross on top over D line. In addition the stock is back on top over 50 day moving average again with MACD signal still above 0. [Buy]

Penny Stocks On The Move - AGT, OTD

• Apollo Gold Corp. (AGT): shares of Greenwood Village, Colorado based gold mining company surged 8.33% or 4 cents to 52 cents per share after gold rose again after almost two weeks of slide. The technical chart shows the investors are back after seeing ROC dropped to oversold level with stock price dropped to two months low. With the surge today K line is again on top over D line showing the stock is back to new rally. However the stock has become weak as MACD and signal line are both below 0 and the stock is below 50 day moving average. [Buy]
• O2Diesel Corp. (OTD): shares of Newark, DE based clean diesel technology company soared at the last hour of the trading session by adding 15.52% or 18 cents to $1.34 per share. The technical chart shows the buyers are back after seeing the stock dropped more than 50% from its 52 weeks high in a month as ROC is also at oversold level. The surge today brings K line back above D line showing possibility of new rally although the stock is still weak as MACD and signal line are below 0 and the stock is below 50 day moving average. [Buy]

Downgrade Alert - ARTX

Here in Penny Stock Pick we rate penny stock by news, market potential, insider, financial statement and technical chart. The average rating of the stock is then used to determine how we would recommend the stock from Strong Buy to Strong Sell. After seeing the negative trend on the stock, we are updating our opinion on Arotech Corp. (ARTX), the Auburn, AL based defense and security products maker especially after the stock accounced native first quarter result and uncertainty over the stock's possible delisting from Nasdaq National Market. Let's also take a detail look at the technicals and financials:

Technical
The technical chart shows the stock is in a weak bear market as the stock is below 50 and 200 day moving average and both moving averages kept falling. In addition MACD is also weak as MACD and signal line are below and are declining. Although KD shows possibility of bounce back rally as K line rose above D line around early May, we haven't seen any since May.

Financial
For the first quarter of 2006 the company not only has made less revenue, down to $8.9 million from $10 million in the same quarter of 2006, the company also has bigger net loss of $2.8 million, up from net loss of $1.7 million in the previous year. The negative financial result was due to continuing restructuring and consolidation process. However the CEO pointed out the company's financial should improve on new orders.

Penny Stock Score (1~5) 5 is highest
1.Technical: 2
2.Financial: 2
3.Market Potential: 4
4.News: 1
Recommendation(2.25): Sell

Penny Stocks On The Move - BSML, DVW, NXXI

• BriteSmile Inc. (BSML): shares of Walnut Creek, CA based teeth whitening product maker surged for the second day by adding 13.04% or 15 cents to $1.3 per share. The technical chart shows the stock was on a bouce back rally as K line is rising on top of D line. Another indicator MACD also show positive sign as it has also rose near 0. Moreover the stock is on top of 50 day and 200 day moving average and has the chance to bring 50 day moving average above 200 day moving average to bring the stock back to bull market. For the mean time the stock is still weak as MACD signal is well below 0 and 200 day moving average is still sliding. [Hold]
• Covad Communications Group Inc. (DVW): shares of San Jose, CA based DSL and VoIP service provider rose 10.06% or 18 cents to 52 weeks high fo $1.97 per on analyst citing the company a possible take-over target. The technical chart shows the buyers are back after seeing ROC at oversold level and K line is ready to cross on top over D line. However the stock is now becomming weak as MAD and signal line are below 0 and the stock is below 50 day moving average. Now the stock is also at a critical point as it is approaching pressure at 50 day moving average. The coverage of the stock began on January 7 at $1.04 per share with a "Strong Buy" rating and the stock has since gained 89.42%. [Hold]
• Nutrition 21 Inc. (NXXI): shares of Purchase, NY based chromium-based nutrition products maker rose 8.29% or 17 cents to $2.22 per share after the company raised $10 million in prviate placements and would issue 2 million five-year warrants exercisable at $2.2 per share. The technical chart shows a new rally is about to begin as K line has just crossed on top over D line as the stock is again back above 50 day moving average. In addition since ROC has began to rise from oversold level there is plenty of upside for the stock. The stock was first covered on Januar 14 at $1.18 per share with a "Buy" rating and has since gained 88.14%. [Strong Buy]

Penny Stock On The Move - BSML

• BriteSmile Inc. (BSML): shares of Walnut Creek, CA based teeth whitening product maker surged 12.75% or 13 cents to $1.15 per share. The technical chart shows the stock was up mainly due to rising K line which is on top of D line showing strength. However the stock is still in bear market as MACD and signal line are below 0. However if the stock can continue to go up the 50 day moving average has a chance to break above 200 day moving average to form Golden Cross. This will then bring the long term trend of the stock back to bull market. However if the stock continue to fall it will still be in weak market on selling pressure from 200 day moving average. [Hold]

Penny Stock Pick - FCSE

Digital Media The penny stock on the spotlight today is FOCUS Enhancements Inc. (FCSE), the Campbell, CA based video technology solutions provider in digital media video system and semiconductor areas. The stock has been doing well since April, up from about 70 cents per share to as much as $1.39 in early May, up almost 100% in a month. To see why this digital media company has been doing well recently let's take a detail analysis at it and see if it is still worth buying.

Technical
The technical chart shows the stock has just entered the bull market as the 50 day moving average has crossed on top over 200 day moving average in early May to form Golden Cross, a very bullish signal. Another bull market signal is MACD where MACD and signal line are both above 0. Moreover ROC is showing buying opportunity as it is at oversold signal. However MACD and KD show weak signal as MACD is below signal line and K line is still below D line. Therefore a better time to buy would be to wait for K line to rise back up again above D line.

Insider
The top executives have been somewhat bullish about the company as CFO, General Manager, Director, Vice President, CEO acquired shares from 20,000 to 80,000 since the beginning of this year. Although there were two insider sells in March, each transaction was only about 2,000 shares and didn't have much effect. In addition the institutions have purchased about 1.5 million shares in the latest quarter.

Financial
The income statement shows promising sign as the revenue has increased for $4.5 million from 2004 to 2005. Although the net loss has increased about $4.4 million as well, it was due to increasing R&D cost - another good sign. However one negative is that since the cash level is still low the company is still in need to raise cash either by financing or selling more stocks.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(digital media): 5
2. Technical: 4
3. Insider: 4
4. Financial: 4
Recommendation: Buy

Penny Stock Pick - AXJ, CAU, SVVS

• Canyon Resources Corp. (CAU): shares of the Golden, Colorado based gold mining company surged 10.58% or 11 cents to $1.15 per share after the company completed Phase I of drilling and confirmed high-grade gold minerals in its Briggs Mine in California. The technical chart shows new buying opportunity as ROC has dropped near oversold level while MACD still show buy signal as MACD is still above signal line. Moreover the stock is still in bull market for long term as stock is above 50 day and 200 day moving average. However KD remains weak as K line is still below D line. The stock was initially covered last Wednesday. [Buy]
• SAVVIS Inc. (SVVS): shares of Town & Country, MO based VPN(Virtual Private Network) service provider rose 8.57% or 15 cents to $1.9 per share and added another 9.47% to $2.08 in after hour on new partnership with Middle East Telecoms. deal with DRM Networks as the company's Content Studio will be bundled with DRM's digital rights management package. The technical chart shows possible new buying opportunity as ROC has reached oversold level while MACD and signal line are still above 0. In addition the stock is still in the bull market for the long term as the stock is above 50 day and 200 day moving average with both moving averages going up. The only weak signal is KD where K line is still below D line. Since covered on April 7 at $1.65 per share, the stock has gained 15.15%. [Buy]
• AXM Pharma Inc. (AXJ): shares of Las Vegas, Nevada based diabetes drug maker skyrocketted 80% or 24 cents to 54 cents per share after the company announced that it will acquire 51% interest of a leading Chinese pharmaceutical and medical products company. The technical chart shows the stock is in a bear market rally as K line has rose on top of D line while MACD and signal line are still below 0 indicating bear market. The stock has escaped negative trend for the time being as it has broke above 50 day moving average. [Buy]

Penny Stock Pick - CGR

More Natural Resource The penny stock on the spotlight today is Claude Resources Inc. (CGR), the Saskatoon, Canada based gold, oil and gas company for properties in central Canada. Although the stock plunged 13.48% today due to falling gold price, it actually has been on a rally for the year rising from $1 per share in January to as much as $1.72 last Thursday before closing aat $1.22 today. Let's take a detail analysis at the stock to see if it is worth buying.

Technical
The technical chart shows buying opportunity as the stock has dropped back to 50 day moving average with ROC also reaching oversold level. Since MACD and signal line are still above 0, the stock is still in the bull market. The only weak signal is KD where K line is still below D line.

Insider
There is no insider transaction for the stock.

Financial
The income statement seems ok as the company has generated slightly more revenue in 2005 than the previous year. However since the company is still getting huge net loss and not enough cash level to cover the loss, the company is still in need to sell stock or raise cash thru other financing activities which is why we see the company continued to sell stock worth 9 million for 2005.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(gold mining): 5
2. Technical: 4
3. Financial: 3
Recommendation: Buy

Penny Stock On The Move - IIP, TGC

• Internap Network Services Corp. (IIP): despite a down day among all the major US indices, shares fo Atlanta, Georgia based business network solution provider advanced 6.82% or 9 cents to $1.41 per share on no news announcement. The technical chart shows the buyers are back after seeing ROC dropped to oversold level while MACD and signal line are still above 0 showing the stock was still in bull market. Another possible positive signal is KD where K line is about to cross on top over D line. Moreover 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 63.95%. [Strong Buy]
• Tengasco Inc. (TGC): after four straight sessions of sell-off, shares of Knoxville, TN based oil and natural gas exploration company bounced back 6.96% or 11 cents to $1.69 per share as crude oil price is still at high of over $70 per barrel. on high oil price. The technical chart shows the investors saw buying opportunity after the stock dropped back to 20 day moving average and ROC, or Rate Of Change is at oversold level. Although KD is weak as K line is below D line, the long term trend is still bullish as the major moving averages are going up. The stock was covered in early February at 91 cents per share and has since gained 85.71%. [Buy]

Penny Stock On The Move - PRTL, SPAB

• Primus Telecommunications Group Inc. (PRTL): shares of Mclean, VA based voice over ip (VoIP) services provider surged 8% or 6 cents to 0.81 per share and additional 7.41% to 87 cents in after hour trading on successful testing and deployment of VoIP service with partner. From the technical chart MACD is showing buy signal as MACD is on top over signal line and above 0. However the long term trend is still weak as 50 day moving average is still below 200 day moving average. The buy signal is only for the short term trading for now. [Buy]
• Spacehab In. (SPAB): shares of Webster, Texas based space station supplies provider soared 12.36% or 11 cents to $1 per share as the company began services for NASA Space Station mission. a 'Go' for NASA was authorized to begin team up with Rede to seek $17 million NASA contract. The technical chart shows the stock is getting closer to a sign of major rally as 50 day moving average close to break on top over 200 day moving average to form the bullish signal Golden Cross. In addition KD also show buy signal as K line has just crossed on top over D line. The coverage on the stock began on January 5 at 81 cents per share and has since gained 23.46%. [Buy]

Penny Stock Pick - CAU

More Golden Opportunity The penny stock on the spotlight today is Canyon Resources Corp. (CAU), a Golden, Colorado based gold mining company for western United States. On Monday the company reported narrower net loss of $382,100 for the first quarter. The stock has since surged from below $1 per share to as much as $1.42 today before profit taking send the stock back to $1.21 at the closing bell. However the decline has attracted buyers as the stock surged 11.58% or 14 cents to $1.35 in after hour action. As gold is continuing hitting new high, let's take a detail analysis at the stock to see if it is worth buying.

Technical
The technical chart looks positive as 50 day moving average has been on top of 200 day moving average since mid November of last year. In addition MACD and KD show buy signal as MACD is on top of signal line and K line is on top of D line.

Insider
The recent insider transaction was bullish as the Beneficial Owner Passport Management LLC acquired 44,000 shares worth 83 cents per share. Moreover the institutions have purchased additional 949,200 shares for the latest quarter.

Financial
The income statement seems negative as the company continued to generated less revenue especially recently in 2005 where the company earned only $4.1 million compared to $11.8 million in the previous year. The cash flow statement is slightly better as the company had less net loss for 2005 compared to previous year and as a result had more cash coming in with additional financial activity. Although cash level had increased, the company may still in need of financing due to huge net loss.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(gold mining): 5
2. News: 5
3. Technical: 4
4. Insider : 4
5. Financial: 2
Recommendation: Strong Buy

Penny Stock On The Move - OTD, PLC, SIGA

• O2Diesel Corp. (OTD): shares of O2Diesel, a Newark, Delaware based clean diesel fuel technology company surged 8.07% or 13 cents to $1.74 per share as investors keep pouring money into energy saving stocks. The three month technical chart shows the buyers are back after seeing the stock dropped to near 50 day moving average as ROC is still at oversold level. KD on the other hand is at a critical point as K line has touched D line. If K line continues to go up above D line then we will have a confirmed rally otherwise the stock will continue the slide. The stock was first covered on Wednesday, April 5 at $1.32 per share and has sine gained 31.82%. [Buy]
• PLC System Inc. (PLC): shares of medical device maker rose 7.94% or 5 cents to 68 cents per share. The technical chart shows the stock could be on a bear market rally as K line has rose on top of D line while MACD and signal line are both below 0. Although the stock is back above 50 day moving average, since the 50 day MA is pointing down there is slight weakness for the long term. The coverage of the stock began on March 15 at 60 cents per share. [Hold]
• SIGA Technologies Inc. (SIGA): shares of the New York based biological wafare defense product maker surged for the second straight session by adding 17.02% or 24 cents to new 52 weeks high of $1.65 per share following the 7.63% gain in the previous trading session. The technical chart shows the stock is in a strong bull market as the K line is on top of D line and MACD is on top of signal line. In addition the long term trend is positive as the stock is on top of 50 day and 200 day moving average as 50 day MA is on top of 200 day MA. The stock was first covered last Tuesday at $1.41 per share and has since gained 17.02%. [Strong Buy]

Penny Stocks On The Move - ANO, QEE, SIGA

• Anooraq Resources Corporation(ANO): shares of Vancouver, Canada based company mineral properties operator in South Africa soared 14.15% or 15 cents to $1.23 per share. The technical chart shows the buyers are back after the stock dropped to 50 day moving average as ROC hit oversold level. Today's surge brought the stock to new rally as K line again has crossed on top over D line and MACD is again back on top of 0. The stock was first covered on March 30 with a "Buy" rating at $1.22 per share. [Strong Buy]
• Queenstake Resources Ltd. (QEE): shares of the Denver, Colorado based gold mining company surged 11.36% at the second trading day after the stock was initiated to a Strong Buy rating last Friday. The surge was reflecting the positive news on Monday as the company intercepted high-grade gold mineralization at the gold mines in Northeastern Nevada. According to the technical chart the stock remains Strong Buy as K line has just rose above D line and MACD is on top of signal line again. [Strong Buy]
• SIGA Technologies Inc. (SIGA): shares of the New York based biological wafare defense product maker against rose 7.63% or 10 cents to $1.41 per share. The technical chart shows the buyers are back after the stock slided back near 50 day moving average as ROC also dropped to oversold level. In addition KD shows buy signal as K line has rose on top of D line. The stock was first covered last Tuesday with a "Strong Buy" rating. [Strong Buy]

Penny Stock Pick - PMU

More Red Hot Gold The penny stock on the spotlight today is another gold mining company Pacific Rim Mining Corp. (PMU), the Vancouver, Canada based gold and silver mining company which owns gold mine in El Salvador. As the gold price surpassed $700 per ounce, this is probably a good time to look at another gold mining stock.

Technical
The technical chart looks like the stock may be about to begin a long term bull market as there is possibility that 50 day moving average may cross on top over 200 day moving average with MACd showing buy signal as MACD is on top of signal line. In addition KD also shows buy signal as K line is on top over D line.

Insider
The is no insider transaction for the company.

Financial
The financials of the company looks ok as the company has reduced net loss from $6.8 million in 2004 down to $4.6 million in 2005 on cost cutting effort despite slightly drop in revenue. However since the cash level is approaching three year low, the company may need to raise cash either by financing or selling of stock.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(gold mining): 5
2. Technical: 4
3. Financial: 3
Recommendation: Buy

Penny Stocks On The Move - ADL, CVM, NERX, NXXI, PRGX, SOFO

• NeoRx Corp. (NERX): shares of Seattle, WA based biotechnology company gained 8.39% or 10 cents to $1.37 per share after the company announced that its CEO will present at two upcoming conferences. The technical chart shows this is a perfect time to buy the stock as MACD and signal line has just rose above 0 and K line has just rose above D line. In addition the stock has just got back to bull market for the long term as it has rose above 50 day moving average. The stock was first covered on February 3 at $1.07 per share and has since gained 28.04%. [Strong Buy]
• Nutrition 21 Inc. (NXXI): shares of Purchase, NY based chromium-based nutrition products maker surged 11.01% or 24 cents to $2.42 per share after Duane Reade, the New York City drugstore chain will begin selling Nutrition 21's Chromax chromium picolinate and Diachrome products. The technical chart shows buying opportunity as ROC is at oversold level while the stock is still trading above 50 day and 200 day moving averages with both moving averages going up. MACD and KD are still weak as K line is still below D line and MACD is still below signal line. The stock was first covered on Januar 14 at $1.18 per share with a "Buy" rating and has since more than doubled with 105.08% gain. [Buy]
• CEL-SCI Corp. (CVM): shares of Vienna, VA based bird flu vaccine enhancer maker rose 6.42% or 7 cents to $1.16 after the company released letter to shareholders showing the effectiveness of the company's vaccine enhacner against bird flue virus. The technical chart shows possibility of a new rally coming as stock bounced back up after dropping near 50 day moving average while K line is about to cross on top of D line. In addition ROC suggest the stock has been oversold and will attract bargain hunters. as the stock bounced back from three straight losing session per share after reaching 52 weeks high of $1.73 on April 4. The coverage on the stock was initiated on April 3 at 82 cents and the stock has gained 41.46% since. [Strong Buy]
• Sonic Foundry Inc. (SOFO): shares of the Madison, WI based digital media applications maker added 6.82% or 15 cents to $2.35 per share. The technical chart shows buyers are back for bargain hunting as ROC indicates the stock has reached oversold level and K line is about to crossed on top of D line. Moreover the long term trend is still bullish as the stock is on top of 50 day and 200 day moving average. The coverage on the stock began on April 27 at $2.25 per share. [Strong Buy]
• AMDL Inc.(ADL): shares of the Tustin, CA based company manufacturing cancer detection products soared 15% or 9 cents to 69 cents per share. The technical chart shows possibility of new rally as K line seems to be about to cross on top over D line as the stock bounced back up after dropping to 50 day moving average. The coverage on the stock began on April 26 at 64 cents per share.
• PRG-Schultz International Inc. (PRGX): shares of the Atlanta, Georgia based recovery audit services provider jumped 27.78% or 15 cents to 69 cents per share after the company posted wider loss and declining revenue for the first quarter. The technical chart shows the stock is on a new bear market rally as K line has rose on top over D line and MACD is back above 0. The long term trend remains weak as the stock and 50 day moving average are still below 200 day moving average. The coverage on the stock began on March 20 at 63 cents per share. [Buy]

Penny Stocks On The Move - CHTR, MDII

• MDI Inc. (MDII): shares of San Antonio, Texas based integrated security solutions provider rose 6.9% or 8 cents to $1.24 per share. The technical chart shows the stock is probably due for a new rally as K line has jurst crossed on top over D line. However the stock remains weak as MACD and signal line are below 0 and the stock is trading below 50 day moving average. The stock should be expected to be trading in the range between $1.3 and $1.1 per share. The coverage on the stock began on December 27 at $1.05 per share and has since gained 18.1%. [Buy]
• Charter Communications Inc.(CHTR): shares of cable tv operator surged 10% or 12 cents to $1.32 on positive comments from Jim Cramer's Mad Money show saying the stock is making a comeback. The technical chart shows the stock is back to bull market as MACD and signal line are back above 0 while K line is on top over D line. The long term trend remains slightly weak as 50 day moving average is still below 200 day moving average. However since the stock is back above 50 day and 200 day MAs, there's possibility that the 50 day MA could rise back above 200 day MA again. The stock was first covered on February 6 at $1.17 per share. [Buy]

Penny Stock Pick - QEE

Red Hot Gold in Nevada The penny stock on the spotlight today is Queenstake Resources Ltd. (QEE), the Denver, Colorado based gold mining company which owns gold mine in Nevada. As the gold price is still on the rise, this is probably a good time to take a look at the gold mining firm.

Technical
The technical chart shows this is time to buy the stock for the long term as the 50 day moving average has crossed on top over 200 day moving average around mid January to form Golden Cross - a very bullish sign. In addition since ROC is at oversold level now we could probably see new rally coming as MACD signal is still above 0 while K line seems to be crossing on top over D line.

Insider
The only insider transaction came in last September of sale of 9,211 shares so we couldn't tell how the insiders feel about the company.

Financial
In 2004 the company earned revenue of $97 million, significantly higher than the previous reported revenue of 581 thousands in 2002. Although the company also ended up with high net loss of $23 million, the cash flow statement shows the company will only have $3.4 million taking away after activities such as selling of stock. As the company still has about $6 million in cash, we should probably be expecting significant financing activites around end of 2006 based on current cash reduction rate.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(gold mining): 5
2. Technical: 4
3. Financial: 4
Recommendation: Strong Buy

Penny Stocks On The Move - GV, MZT

• Matritech Inc. (MZT): shares of Newton, MA based cancer diagnostic produts maker surged 8.94% or 11 cents to $1.34 per share after the company introduced its Bladder Cancer diagnostic products which showed positive test result in recent clinical data. The technical chart shows the stock is in the bull market as both 50 day and 200 day moving averages are going up with MACD signal high above 0. In addition since ROC is still at oversold level there is still room more upside. The only possible weak signal is KD where K line seems to be about to cross below D line. The coverage on the stock began in early April at $1.39 per share. [Buy]
• Goldfield Corp. (GV): after coverage began on Wednesday, shares of Melbourne, Florida based electrical construction and maintenance services provider soared 11.20% or 27 cents to new 52 weeks high of $2.68 per share. The technical chart shows the stock is in a very strong bull market with K line on top of D line and MACD on top of signal line. In addition the long term trend is positive as the 50 day and 200 day moving average are going up. The only risk now is ROC which is at overbought level so there is possibility of correction. [Hold]

Penny Stock Pick - GV

Gold in the Electrical Wire The penny stock on the spotlight today is Goldfield Corp. (GV), a Melbourne, Florida based electrical construction and maintenance services provider for the energy infrastructure industry. The latest quarter report was strong as the company swung to fourth quarter profit due to high sales from the electrical construction and real estate development. Sicne the bullish quarterly report, the stock went skyrocketted from $1.02 before the announcement to $2.33 today, gaining almost 130% in just over a month. Let's take a detail look at the stock to see if this stock is actually worth getting.

Technical
The technical chart shows the stock has been in the bull market since last June as the stock has been on top of 50 day and 200 day MA since early June and 50 day MA has crossed on top over 200 day MA sicne late June. The stock recently has more aggresive upward movement with rising MACD and signal line as well as K line which is on top of D line. Although there's risk of correction as ROC has reached overbought level, but for the long run we should see the stock hitting new highs.

Insider
The insider transactions for the past year were mixed with about half of them purchases from CEO and half of them sales from director. The inistitutions have purchased few shares for the latest quarter.

Financial
The company has a very strong and healthy income statement with revenue growing to $39 million in 2005 and net income with 3.9 million compared to net loss of 461 thousand in the previous year. From the balance sheet the company has sharp increase in net receivables for 2005 compare to 2004 probably due to charges of orders and servies not yet collected. The company should be expecting more cash coming in for this year as the receivables are collected.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(energy industry infrastructure): 4
2. News: 5
3. Technical: 4
4. Financial: 5
Recommendation: Strong Buy

Penny Stock Pick - SIGA

Fighting Bio Terrorism The penny stock on the spotlight today is SIGA Technologies Inc. (SIGA), the New York, based biotechnology company focusing on defense product against biological warfare agents such as smallpox and arenaviruses. The stock today surged 10% to $1.37 per share after the company began Phase I human clinical trial of its smallpox drug. Besides the positive news, let's take a detail look at the stock to see if this is the stock worth buying.

Technical
The technical chart shows the stock has been in a bull market since late March as the stock has been on top of 50 day and 200 day moving average since early March and the 50 day moving average has crossed on top over 200 day moving average around late March to form Golde Cross - a strong bull market signal. Although the stock has been recently weak as MACD and signal line have been falling with K line still below D line, as ROC is at oversold level, we could be expecting new rally with today's surge.

Insider
There is no insider transaction for this year and the previous year. The insider transactions listed are all in 2004 with most of them being the purchase of the stock.

Financial
The income statement looks bullish as the company's revenue has been on rapid growth for the past few years up from 732 thousands in 2003 to 8.4 million in 2005, rising 1000% in two years. During the same period, net loss has been reduced more than half from 5.3 million in 2003 to 2.2 million in 2005.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(bio warfare defense): 5
2. News: 5
3. Technical: 4
4. Financial: 5
Recommendation: Strong Buy

Penny Stock On The Move - MZT, TGC

• Tengasco Inc. (TGC): shares of Knoxville, TN based oil and natural gas exploration company rose for the second straight session by adding 7.34% or 13 cents to $1.90 per share. The technical chart shows the stock is in a very strong bull market as MACD is high above signal line and K line is also on top over D line. In addition the long term trend is bullish as both 50 day and 200 day moving average are going up. However the risk of corretion has increased as ROC is at overbought level and the stock seems to be rising up way too quickly compare to the moving average. The stock was covered in early February at 91 cents per share and has since gained 108.79%. [Hold]
• Matritech Inc. (MZT): shares of Newton, MA based cancer diagnostic produts maker surged for the third straight session by adding 12.78% or 17 cents to new 52 weeks high of $1.5 per share as we rated the stock Strong Buy last Friday. The technical chart shows the stock is in a strong bull market as K line has rose on top over D line and MACD is on top of signal line both indicating buy signal. In addition since ROC remains low it is still a great time to buy the stock. The long term trend is positive as the stock is trading on top of 50 day and 200 day MA as both moving averages are heading upward. The coverage on the stock began in early April at $1.39 per share. [Strong Buy]