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]