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Tuesday, May 09, 2006

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]

3 Comments:

Anonymous PENNY STOCK INVESTMENTS said...

Some excellent nanocaps.

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