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]