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]