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]