Penny Stocks On The Move - ALAN, IIP, QEE, SIGA

• Alanco Technologies Inc. (ALAN): shares of the Scottsdale, Arizona based RFID tracking technology company surged 13% to 78 cents per share on new analyst coverage with price target at $3.75 per share. According to the technical chart the stock may be back to bull market soon as K line is still on top of D line and MACD is shorter than signal line. A few more positive session could bring MACD back above 0 meaning bull market. [Strong Buy]
• Internap Network Services Corp. (IIP): broad market rally helped shares fo Atlanta, Georgia based business network solution provider soared 14.13% to $1.05 per share. The technical chart shows new rally may be coming as K line is approaching D line. However the stock is still weak as MAD is below signal line and the stock is trading below 50 day moving average. The coverage of the stock began on March 17 at 86 cents per share and has since gained 22.09%. [Accumulate]
• Queenstake Resources Ltd. (QEE): shares of the Denver, Colorado based gold mining company rose 5.65% to 38 cents per share. The technical chart shows the stock is in a rally as K line is on top of D lien. In addition as MACD is also on the rise and may has the chance to rise above 0 for few more positive trading session. [Buy]
• SIGA Technologies Inc. (SIGA): shares of the New York based biological wafare defense product maker rose 6.15% or 8 cents to $1.38 per share. The technical chart shows the rally is back again as K line has just crossed on top over D line and stock is back above 50 day moving average, a positive signal. MACD shows the stock is still a little bit weak as MACD is slightly below 0. Yet rally may carry MACD back to bull market. [Strong Buy]

Penny Stocks On The Move - LOUD, PACW

• Loudeye Corp. (LOUD): shares of Seattle, Washington based business-to-business(B2B) digital media services provider rose gain by adding 9.04% or 14 more cents to $2.05 per share, following yesterday's 17.5% surge. Now that the stock was up again today we are pretty sure the rally is here as K line is on top of D line showing buy signal. In addition with ROC at oversold level the stock should attract bargain hunters. However The stock is very weak as MACD is still deep below 0 and the stock is deep below 50 day and 200 day moving average. There should be plenty of room for the stock to go up before hitting pressure around $3.5. [Buy]
• PAC-WEST Telecom(PACW): shares of the4 Stockton, CA based regional telephone service provider for the western states surged 12.7% to 62 cents per share. The surge helps K line from dropping below D line to trigger new sell-off and has the possibility to bring new rally if K line can continue to go up pass D line. However the stock is a very weak stock as MAD is below signal line and the price is below both 50 and 200 day moving averages. If the stock can go up again to bring K line up then you may want to consider buying the stock as it has pletty of room to go since ROC is at oversold level. [Hold]

Penny Stocks On The Move - LOUD, QSC

• Loudeye Corp. (LOUD): shares of Seattle, Washington based business-to-business(B2B) digital media services provider soared 17.5% or 28 cents to $1.88 per share. This is probably the first time that the stock went up after the stock went for a 1:10 reverse split on May 23 to $3.5 per share. However there is possibility that rally may be coming as K line has just rose on top of D line showing buy signal. The stock is very weak as MACD is still deep below 0 and the stock is deep below 50 day and 200 day moving average. [Accumulate]
• Questcor Pharmaceuticals Inc.(QSC): shares of the Union City, CA based pharmaceutical company surged 11.64% or 17 cents to $1.63 per share. The technial chart shows possibility of rally as K line is about to cross on top over D line. However the stock is still weak as MACD is below signal line and the stock is below 50 day moving average. [Accumulate]

Penny Stocks On The Move - GV, PLC

• Goldfield Corp. (GV): earlier this month we issued a buy alert on the Melbourne, Florida based electrical construction and maintenance services provider when it was trading at $1.55 per share. It looks like the buyers are finally aware of the buying opportunity as the stock gained 6.37% or 10 cents to $1.67 per share, 7% more from the buy alert price. The technical chart shows this is just the beginning of the rally as K line is just in the mid way after it crossed on top of D line in mid June. Although the stock is still weak as MACD is below 0 and the stock is below 50 day moving average, if the stock can go up a few more days it will be back to bull market. [Accumulate]
• PLC System Inc. (PLC): the Cinderella ride continued for the Franklin, Massachusetts based medical device maker which we began coverage on the stock in mid March with Strong Buy rating at 60 cents per share. Even last Monday we still rated the stock a Strong Buy rating as technical chart shows bullish signals. The stock last Friday soared 27.16% then added 13.59% today to near 52 weeks high of $1.17 per share although no news is announced. The technical chart shows the stock is in a very strong bull market with MACD on top of signal line and K line has been rising above D line. However since ROC is at overbought level we are advising new investors to wait a little bit before buying the stock. For the people who have the stock, it is still possible for the price to go up but do keep track of the stock daily as the profit taking could happen very soon. The stock has already gained 95% since coverage. [Hold]

Penny Stocks On The Move - PLC, TGC

• PLC System Inc. (PLC): On Monday we rated the Franklin, Massachusetts based medical device maker a Strong Buy since the technical chart shows bullish signals. Although the stock rose 12.5% on Thursday we still gave it a Buy rating giving the strength of this rally. On Friday the stock went in full speed as it soared 27.16% or 22 cents to $1.03 per share, back near its 52 weeks high despite again with no news announced. If there is still no news next week than the recently run could be by just technical reason and the investors will be in a riskier situation as current technical chart shows ROC is at overbought level and the stock will be due for correction very soon. Although the other technical indicators such as MACD and KD still show bull market but we would suggest investors who hasn't bought the stock to wait for a while for the stock to cool down a little bit as we also made the same recommendation on BSML two weeks ago. [Hold]
• Tengasco Inc. (TGC): last week we gave the Knoxville, TN based oil and natural gas company a Buy rating as the technical chart shows rally was coming. After a week of profit taking the stock on Friday rose 6.67% or 8 cents to $1.28 per share and was showing signs that rally may about to begin as K line is now on top of D line. The current rally should at least push the stock to $1.4 per share where the 50 day moving average is. And if at the same time MACD can rise above 0 then we could be back to bull market. The stock was covered in early February at 91 cents per share and has since gained 40.66%. [Buy]

Buy Alert - BPUR, SPAB

Time to Buy Althogh the market is a bit weak today, some of the penny stocks still managed to finish higher. And from the penny stocks which went up today we found two stocks which could have major rally coming as the technical chart show great buying opportunities. Here they are:

• Biopure Corp. (BPUR): the stock hasn't changed much for the past 52 weeks. However since the begining of the year the stock has show sign of recover as it has reversed the downward trend and began to go north. Moreover when the Golden Cross was formed in early April, we have been expecting the major rally. However the weak market in May drove the stock down a little bit and delayed the rally until today when K line is set to cross on top of D line and MACD and signal line are ready to cross above 0. In addition as stock is just back above 50 day moving average and ROC has just rose above oversold level, now is probably a great time to buy the stock.
• SPACEHAB Inc. (SPAB): we are alsio giving the buy alert to the Webster, Texas based space services provider. After a long slide which began in mid 2004, the stock is due for big turn around as it has began to turn north since March of this year. In addition with Golden Cross formed in late May we can be pretty sure the stock is heading for a major rally. Although the weak market in June has send the stock bak near 50 day moving average, now that K line is about to cross on top of D line with ROC still at oversold level and MACD still above 0, the next bull run is coming.

Penny Stocks On The Move - ISIG, PLC

• Insignia Systems Inc. (ISIG): shares of Maple Grove, Minnesota based advertising service company for grocery retailers rose for the third consecutive day by adding 8.99% or 16 cents to another new 52 weeks high of $1.94 per share. Yesterday we gave the stock an accumulate rating based on current technical trend. So far the technical chart is still showing strong bull market signal as MACD is still above signal line and K line is still on top of D line, both indicating buy signal. In addition the moving averages are showing bullish sign as both 50 day and 200 day moving averages are heading up. One signal to keep in mind is ROC which is approaching overbuy level. The coverage of the stock began in early June at $1.4 per share and the stock has since gained 38.57%. [Accumulate]
• PLC System Inc. (PLC): On Monday we rated the Franklin, Massachusetts based medical device maker a Strong Buy since the technical chart shows bullish signals. Today the stock surged 12.5% or 9 cents to 81 cents per share leaving many puzzled investors wondering why the stock was up with no news. Well for those investors who have followed our post closely they knew what's going on and probably has been getting some juice return from this stock as since the coverage initiated on the stock at 60 cents per share back on March 15, the stock has gained 35%. So how about now? Well the technical chart still shows this is a strong stock as MACD is on top of signal line and K line is still above D line while stock is above 50 day and 200 day moving average. Moreover since ROC is still not at overbuy level yet there's still some room to go. [Buy]

Penny Stocks On The Move - CVM, FCSE, ISIG, UDW

• CEL-SCI Corp. (CVM): after we issued buy alert on the Vienna, Virginia based bird flu vaccine enhancer maker yesterday, the stock surged 9.3% or 8 cents to 94 cents per share today. The technical chart shows the stock could still go higher as K line is rising on top of D line indicating buy signal. In addition ROC is still at oversold level and could attract bargain hunters. However the stock is still in bear market as MACD and signal line are still below 0. Based on current trend the stock may go till $1 per share or the 50 day moving average before facing the next resistence. The coverage on the stock was initiated on April 3 at 82 cents and the stock has since gained 14.63%. [Accumulate]
• FOCUS Enhancements Inc. (FCSE): shares of the Campbell, CA based video technology company rose 6.74% or 6 cents to 95 cents per share. The technical chart shows the stock is in a rally as K line is continuously rising above D line. However now that the stock is back near 50 day moving average the buyers need to be more cautious as the stock is still in bear market as MACD is still below 0. [Hold]
• Insignia Systems Inc. (ISIG): shares of Maple Grove, Minnesota based advertising service company for grocery retailers rose 5.95% or 10 cents to new 52 weeks high of $1.78 per share. The technical chart shows the stock is in a strong bull market as MACD is on top of signal line K line is on top of D line, both indicating buy. In addition the moving averages also show positive sign as both 50 day and 200 day moving averages are pointing up. However now thatROC is approaching overbuy level there may be chance of correction. The coverage of the stock began in early June at $1.4 per share and the stock has since gained 27.14%. [Accumulate]
• US Dataworks Inc. (UDW): shares of the Houston, Texas based software company soared 15.63% or 10 cents to 74 cents per share on new partnership with Online Resources Corp. (ORCC), a provider of financial technology services. The technical chart shows the stock is back to bull market as the stock is back above 50 day moving average while MACD is about to be back above 0. In addition KD show buy signal as K line has just rose above D line. [Strong Buy]

Penny Stocks On The Move - UDW, WAVX

• US Dataworks Inc. (UDW): after rising 6.67% to 64 cents per share, the Houston, Texas based company is showing positive signals from the technical chart as the stock is back above 50 day moving average. In addition KD shows buy signal as K line has just crossed on top over D line. Although MACD is a bit weak as it is below 0, few more days of positive ending and MACD should show bull market sign again. [Buy]
• Wave System Corp. (WAVX): shares of the hardware based digital security services provider rose 6.3% to 67 cents per share. The technical chart shows the stock was up as bargain hunter saw the stock at discount as ROC is at oversold level. However MACD show weakness as both MACD and signal line are below 0. Although K line is still below D line indicating negative signal, K line is getting closer to D line and has the chance to crossed again on top of D line. [Accumulate]

Buy Alert - CVM

Time to Buy The market seems to be back alive somehow today with Dow finished up 32 points, Nasdaq dropped a little bit and S&P 500 stayed almost unchanged. From the penny stocks which went up today we found one stock which could have major rally coming as the price is currently at discount but the technical chart show buying opportunities. Here it is:

• CEL-SCI Corp. (CVM): after the big spike in early April to as much as $1.78 per share, the Vienna, Virgina based cancer and bird flu vaccine maker was back to the pre-surge price of 75 cents recently. Today the stock is alive again on heavier than normal volumn on bullish letter to shareholders. The positive comment from the company lifted the stock up 7.5% or 6 cents to 86 cents per share and even up to 92 cents per share in after hour. More enouraging news is that we are issuing buy alert on the stock as KD shows rally's coming as K line has just rose above D line. In addition the stock has rose back up after dropping near 200 day moving average showing some support at the 200 day MA. More over low ROC at oversold level should attract bargain hunters.

Penny Stocks On The Move - PLC, PMU

• PLC System Inc. (PLC): the Franklin, Massachusetts based medical device maker was one of the few stocks surging on a down market today as the stock added 12.31% or 8 cents to 78 cents per share. After looking at the technical chart more buyers could come as most indicators show strong buy signal: 1. MACD shows buy signal as MACD is on top of signal line; 2.KD shows buy signal as K line has just rose on top of D line. 3. the stock is on top of 50 day and 200 day moving average showing the stock is in bull market. So while not many people know the stock as the volumn is still at 123,000 this is probably a great time to place your money in the stock. The coverage of the stock began on March 15 at 60 cents per share and the stock has since gained 21.67%. [Strong Buy]
• Pacific Rim Mining Corp. (PMU): shares of the Vancouver, Canada based gold and silver mining company which owns gold mine in El Salvador gained 7.35% or 5 cents to 73 cent per share as the updated resource estimate for its El Dorado gold project shows promising number. In the after hour the stock added anothe r5 cents to 78 cents per share. The technical chart shows the stock is in a bear market rally as K line has just rose on top over D line indicating buy signal. However since MACD is below 0 and the stock is below 50 day and 200 day moving average the stock is still in bear market. Tomorrow would be a critical day as in the after hour the stock is right back at 50 day moving average. [Hold]

Downgrade Alert - PRTL

Going Delisted Here in Penny Stock Pick we rate penny stock by news, market potential, insider, financial statement and technical chart. The average rating of the stock is then used to determine how we would recommend the stock from Strong Buy to Strong Sell.

The stock we feel the investors should not be holding is Primus Telecommunications Corp.(PRTL), the Mclean, Virginia based telecommunication service provider. On Friday of June 16, the telecom company received notice from Nasdaq stating that the closing bid price of the company's stock is below $1 and may be delisted from Nasdaq. In addition the following analysis and rating would show why we are not recommending the stock. Belows are the analysis and rating:

Technical
The technical chart shows very bearish sign as the 50 day moving average has crossed below 200 day moving average around mid April to form Death Cross - a stron sell signal. In addition other technical indicators such as MACD and KD also show sell signal as MACD is below signal line and K line is dropping below D line.

Insider
Although the managers have purchased the stock back in March of last year, since then the company's insiders have been selling the stocks. Moreover the institutional players have also been selling the stock in the latest quarter.

Financial
The income statement shows negative sign as the anuually and quarterly revenues are still on decline. Although the net loss has reduced a little bit in the most recent quarter, the cash flow statement shows the company has sold record numbers of stock in the latest quarter and has borrowed additional 10 million to improve the cash flow.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(VOIP): 5
2. News: 1
3. Technical: 1
4. Insider: 2.5
5. Financial: 1
Recommendation(2.1): Sell

Downgrade Alert - FONR

Turning Junk Here in Penny Stock Pick we rate penny stock by news, market potential, insider, financial statement and technical chart. The average rating of the stock is then used to determine how we would recommend the stock from Strong Buy to Strong Sell. After continuous weak trend in the stock, we are downgrading the rating of Fonar Corp.(FONR), the Melville, New York based MRI scanning equipment maker. Last month the company has received delisting notice from Nasdaq due to low bid price. This news probably scared away more investors. Belows are the updated analysis and rating on the stock:

Technical
The technical chart still shows bearish sign as the stock is trading below both 50 day and 200 day moving average with both moving averages going downward. The other technical indicators such as MACD and KD also show sell signal as MACD is below 0 and K line is below D line.

Insider
Although the president has been bullish about the stock with purchase of abuot 200 thousands shares in May, the intitutional players are bearish on the stock and have sold 1.4 million or 85% of the shares in the latest quarter.

Financial
Although the company has generated 30 million more in revenue in fiscal year of 2005, the most recent three quarters show negative sign with continuous slide in revenue. As the result for the fiscal quarter of 2006 which should be coming pretty soon the revenue would be significantly lower while the net loss would surge compare with net income in 2005. Moreover the company are still selling the stock for the most recent quarters.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(MRI Scanner): 3
2. News: 1
3. Technical: 1
4. Insider: 3.5
5. Financial: 1
Recommendation(1.9): Strong Sell

Penny Stocks On The Move - CAU, DVW, GV, ISIG, MZT, TGC

• Canyon Resources Corp. (CAU): shares of the Golden, Colorado based gold mining company surged 9.28% or 9 cents to $1.06 per share on broad market surge. Looking at the technical chart the stock has the chance to be back to strong bull market rally as: 1. the stock is back above 50 day and 200 day moving average, a bull market sign 2. ROC is rising from oversold level which should attract bargain hunters 3. K line is about to cross on top of D line showing possibility of rally. The only weak signal is MACD where it is slightly below 0. [Accumulate]
• Covad Communications Group Inc. (DVW): shares of San Jose, CA based DSL and VoIP service provider jumped 8.94% or 16 cents to $1.95 per share. The technical chart shows possibility of rally coming as K line is rising towards D line. In addition ROC has just rose from oversold level and should attract bargain hunters. However the stock is still in bear market as MACD and signal line are still below 0. The coverage of the stock began on January 7 at $1.04 per share and the stock has since gained 87.5%. [Accumulate]
• Goldfield Corp. (GV): shares of Melbourne, Florida based electrical construction and maintenance services provider gained 8.03% or 11 cents to $1.48 per share on second day of major market rally. The technical chart shows possibility of new rally as K line is about to cross on top over D line. In addition current level of ROC should attracts buyers as it is still sitting at oversold level. However the stock is still weak as MACD is below 0 and stock is below 50 day moving average. [Accumulate]
• Insignia Systems Inc. (ISIG): two days ago we gave an accumualte rating on the Maple Grove, Minnesota based advertising service company as the technical indicators still show strong signal despite ROC showing overheating sign. After today's 12.58% jump to $1.7 per share the technical chart is still showing the same trend as stock is still on top of 50 day and 200 day moving average with MACD on top of signal line. In addition KD show buy signal as K line is again on top of D line. ROC is still showing overheating signal as it is approaching overbuy. The coverage on the stock began last Monday at $1.4 per share and the stock has since gained 21.43%. [Accumulate]
• Matritech Inc. (MZT): shares of Newton, MA based cancer diagnostic produts maker surged 10.99% or 10 cents to $1.01 per share on makret rally. Last Tuesday we issued the buy alert on the stock citing the recent sell-off is almost over. This could be the time for the rally to come as the technical chart shows K line is almost ready to cross on top of D line while ROC has just rose from oversold level. However MACD still shows weak signa as MACD and signal line are both below 0. [Accumulate]
• Tengasco Inc. (TGC): shares of Knoxville, TN based oil and natural gas exploration company soared 10.43% or 12 cents to $1.27 per share. The technical chart shows new rally has just begun as K line has just crossed on top over D line. In addition low ROC at oversold level should also attracts more buyers. However some weakness remains as MACD is below 0 and stock is below 50 day moving average. The stock was covered in early February at 91 cents per share and has since gained 39.56%. [Buy]

Penny Stock Pick - WAVX

Future of Digital Security The penny stock we spot today is Wave System Corp. (WAVX), a development state company making hardware based digital security services. After seeing the company reported strong first quarter earning with stock climbing back, this is probabaly a good time to take a detail look at the penny to see if it is worth buying.

Technical
The technical chart looks really bullish as the 50 day moving average has just crossed on top of 200 day moving average to form Golden Cross, a bullish signal. In addition MACD remain positive as both MACD and signal line are barely above 0. However KD is somehow negative as K line has dropped below D line.

Insider
Although the top management teams are bullish about the company by purchasing the stock, the institutional players are negative about the company by selling 1.8 million shares in the latest quarter.

Financial
The income statment looks really encouraging as the revenue of 2005 went five times higher than the previous year. In addition the first quarter of this year also show promising result with revenue surged to $493,000 compared to $78,000 in the first quarter of previous year. However since net loss has increased and cash level is low, the company was still selling stock to keep enough cash.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(Digital Security Hardware): 5
2. Technical: 4
3. News: 4
4. Insider: 3.5
5. Financial: 4
Recommendation: Buy

Penny Stocks On The Move - ISIG

• Insignia Systems Inc. (ISIG): yes the market is having a terrible day but not the Maple Grove, Minnesota based advertising service company for grocery retailers as the stock soared 20% or 26 cents to 52 weeks high of $1.56 per share. The technical chart shows the stock is in bull market as 50 day moving average is on top of 200 day moving average with MACD and signal line on top of 0. In addition KD show buy signal as K line is again on top of D line. However since ROC is approaching overbuy level there may be chance of short correction. The coverage of the stock began last Monday at $1.4 per share. [Accumulate]
  

Penny Stocks On The Move - BSML, BPUR, NXXI

• BriteSmile Inc. (BSML): the surge continues for the Walnut Creek, CA based teeth whitening product maker as the stock soared 20% or 43 cents to $2.58 per share after the company rejected the $42 million takeover offer from Futuredontics. However it seems people have began to cash in on the recent gains as the stock was actually going downward throughout the session. The technical chart shows the stock is in a strong bull maket as the 50 day moving average is above 200 day moving average and MACD is on top of signal line. However since ROC is at overbought level the stock may soon entering into correction stage. So far the stock has gained 113.22% since coverage began on January 4 at $1.21 per share. [Hold]
• Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company rose for the second straight day by adding another 6.54% or 7 cents to $1.14 per share despite a weak market. The technical chart shows the surge was basically due to the rising KD as K line is on top of D line indicating buy signal. However the stock is still weak as MACD and signal line are still below 0. The next few trading sessions would be critical as the stock is now approaching 50 day moving average. A big surge will bring the stock back to positive territory above 50 day moving average. The coverage on the stock began in January 96 cents per share.[Hold]
• Nutrition 21 Inc. (NXXI): despite a weak market shares of Purchase, NY based chromium-based nutrition products maker rose 7.89% or 15 cents to $2.05 per share on new clinical study suggesting the compay's diabetes treatment supplement lowered blood sugar level. This was the first time of this month that the stock got back above $2 per share. Despite weakness in MACD shown in the technical chart as MACD is still below 0, KD show buy signal as K line has just crossed on top over D line. In addition since ROC is still at oversold level the stock still has rooms to go before it hit pressure at 50 day movign average. The stock was first covered on Januar 14 at $1.18 per share with a "Buy" rating and has since gained 73.73%. [Buy]

Downgrade Alert - HIV

Turning South Here in Penny Stock Pick we rate penny stock by news, market potential, insider, financial statement and technical chart. The average rating of the stock is then used to determine how we would recommend the stock from Strong Buy to Strong Sell. After noticing the weak trend in the stock, we are reducing the rating for Calypte Biomedical Corp. (HIV), the Lake Oswego, Oregon based company developing diagnostic tests for HIV diseases. The recent news also made the stock less attractive as the company annouced wider loss and far less revenue. Belows are the updated analysis and rating on the stock:

Technical
The technical chart shows very negative sign as 50 day moving average has just dropped below 200 day moving average to form Death Cross, a selling sign. In addition KD and MACD both show weak sign as MACD and signal line are below 0 and K line is below D line.

Insider
Although CEO has been bullish about the stock buy buying total of 1,311,736 shares this year, the intitutional players continue to be bearish on the stock and have sold 177,965 or 85% of the shares in the latest quarter.

Financial
The income statement shows negative sign as the revenue has reduced to $427 thousands in 2005 compared to $3.3 million in 2004. The latest quarter seemed even worse as the company only earned 91 thousands the first quarter of 2006, an 86% loss compared to 665 thousdans in the first quarter of last year. From the cash flow statement there is also no positive sign as the company is still selling the stock and borrowing money to maintain cash level.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(AIDS): 4
2. Technical: 1
3. Insider: 3
4. Financial: 2
Recommendation(2.5): Sell

Penny Stocks On The Move - BPUR, BSML, BWEB, OTD

• BriteSmile Inc. (BSML): honestly we didn't expect the Walnut Creek, CA based teeth whitening product maker would be this good when we initiated the coverage on it back in January at $1.21 per share even till Wednesday when we upgraded the stock to Strong Buy. Will this is probably a dream come true for those who have bought the stock back then as it on Friday surged 16.22% or 30 cents to $2.15 and then 57.21% or $1.23 to $3.38 in the after hour on a $4 bid from Futuredontics. The stock has now gained 179% since coverage and 86% since we upgraded the stock on Wednesday. Maybe this is why the director had been buying the shares like crazy at the end of May and early June. The surge on Friday was drove by the surprising news and it could fluctuate even more as the company added more spices to the headline by rejecting the bid on Sunday. The stock on Monday will move based on the news so the technical analysis at this time donesn't mean anything. But conventional wisdom it probably would be better to stay on the side line at this point until the whole hype cools down. And for those who've followed our advice and have earn tons of $$$ already? Maybe you want to cash some of the gains and treat yourselves with a nice French crusine since you are the biggest winner on the generally negative market. [Hold]
• Biopure Corp. (BPUR): after two weeks of slide which send shares of Cambridge, MA based biotechnology company below 200 day moving average, the stock caught a break on Friday by adding 7.01% to $1.07 per share and is back to the key 200 day moving average again. Despite weakness from MACD as both MACD and signal line are still below 0, rising K line which is above D line, indicating buy signal, is fueling the surge. If the stock can continue to go higher, it has the change to be back to bull market again. The coverage on the stock began in January 96 cents per share.[Hold]
• BackWeb Technologies Inc. (BWEB): now it is three in a row for the San Jose, CA based application software maker BackWeb Technologies as the stock soared 14.71% or 10 cents to new month high of 78 cents per share. The surge was still due to the rising KD where K line is on top of D line indicating buy. Now the stock is back to the positive territory above 50 day moving average and has the chance to be back to bull market as MACD is about to be back above 0. [Accumulate]
• O2Diesel Corp. (OTD): this looks like the two months of sell-off may be over for the Newark, DE based clean diesel technology company as stock surged 11.61% or 13 cents to $1.25 per share. The stock is still weak as it is trading in between 50 day and 200 day moving average with MACD and KD still showing weak signal as MACD below 0 and K line below D line. Hopefully the low ROC and forming of W shape could begin to attract more bargain hunters. [Accumulate]

Penny Stock On The Move - BWEB

• BackWeb Technologies Inc. (BWEB): despite most stocks falling, shares of San Jose, CA based application software maker BackWeb Technologies soared for the second straight day by adding 15.25% or 9 cents to 68 cents per share. The application software comapany surged 13% a day ago on new product launch. The surge may also probalby be triggered by rising KD where K line is on top of D line indicating buy. The stock is now at a critical point as it is back at 50 day moving average. Another surge tomorrow will bring the stock back to positive trend. [Hold]

Penny Stocks On The Move - BSML, UDW

• BriteSmile Inc. (BSML): this is probably the time for investors of BriteSmile, the Walnut Creek, CA based teeth whitening product maker, to smile again since just recently in late May the 50 day moving average has crossed on top over 200 day moving average to form Golden Cross - a bull market signal. Since then the stock has took off from around $1.4 per share to $1.81 per share today, up almost 30% in two weeks. And more for the investors to smile about is that this will not just be a little spark but the beginning of a major rally. The stock rose 6.47% or 11 cents today and should be expected to go higher based on technical chart on strong MACD and KD, both showing buy signal as MACD is on top of signal line and K line is on top of D line. [Strong Buy]
• US Dataworks Inc. (UDW): looks like the buyers are back again as shares of the Houston, Texas based company developing payment processing software rose 5 cents or 7.5% to 71 cents per share. Although KD still shows weakness as K line is dropping below D line, bargain hunters buy on low ROC showing the stock is oversold. Now as the stock has bouced up after dropping near 50 day moving average, we might be heading for new round of rally. However beware that the stock could also be affected by slightly negative MACD where MACD is below signal line. [Accumulate]

Buy Alert - GV, HEC, IIP, MZT

The weak market recently has drove many stocks and major indices down tremendously. However a down market not only shakes out the weak hands but also creates buying opportunities for the bargain hunters. Here we have found the following penny stocks that should be started to go higher after recent pull-backs:

• Goldfield Corp. (GV): after rising steadily for almost a year from last May to end of March, shares of the Melbourne, Florida based electrical construction and maintenace services company began to soar from $1 around end of March to as high as $2.84 in early May. The May sell-off send the stock back near 50 day moving average in late May and the stock is now trading at $1.55 per share, down about 45%. For the bargain hunter still sitting at sideline, this should probably be the time to buy at the stock held on at 50 day moving average and has began to rise again. In addition K line is now again on top of D line indicating possible new rally. Low ROC at oversold level should also attract more buyers.
• Matritech Inc. (MZT): since the 50 day moving average rose on top over 200 day moving average again in mid February, the Newton, Massachusetts based biotechnology company has been back to bull market again after six years of sliding. Although the May sell-off pushed the stock from 52 weeks high of $1.56 down to today's closing of $1.07, down 31% in a month, the stock still stayed above 50 day moving average and is poised to rise again on rising KD. In addition the record volumn which push the stock up and was last seen in 2000 should mean this is finally the time for the stock to reverse the downward trend.
• Internap Network Services Corp. (IIP): after two years of miserable performance, the Atlanta, Georgia based Internet service provider for business customers has been alive again since mid February of this year, seeing its stock surged from about 50 cents per share to as high as $1.55 in May, trippling in stock price in three months. The recent pull back has created new buying opportunity as the stock has bouced back up again after hitting 50 day moving average. Technical indicator KD signals buy as K line is on top over D line. In addition since ROC is low meaning oversold, the stock should also attract bargain hunters.
• Harken Energy Corp. (HEC): it is really hard not to look at this penny stock since the Southlake, Texas based company is in one of the hottest sector today - oil drilling. This Gulf Coast oil driller has definitely been helped by the skyrocketting oil price as for the past 52 weeks it has gained as much as 110% from 46 cents per share last June to 98 cents per share this April. The sell off in May cut the stock back to 200 day moving average at 69 cents per share but is sparking new buying opportunity as K line is rising on top of D line. If the stock can keep holding above 200 day moving average which it has been doing for more than half month, we should see new rally coming very soon.

Penny Stock Pick - ISIG

Check The Grocery Ads After The penny stock we spot today is a stock on the rise since the end of last year. This company on the rise is Insignia Systems Inc. (ISIG), the Maple Grove, Minnesota based advertising product and service company for retailers. Recently the penny stock comapny is catching investors attention again as it signed contract extention with major retail grocery chain Safeway for two years and A&P for three years. The A&P deal today lifted the stock 8.53% or 11 cents to new 52 weeks high of $1.4 per share. Let's take a detail look at the stock and see if this is the penny stock ready to fly.

Technical
The technical chart looks bullish as the stock is on top of 50 day and 200 day moving average with Golden Cross, a bullish signal formed when 50 day moving average crossed on top over 200 day moving average, took place around early February. In addtion MACD and KD still show positive signal as MACD is on top of 0 and K line is about to crossed on top over D line again.

Insider
The insiders were pretty bullish of the company around the end of 2004 with multiple purchases from CEO. However recently there has been no stock purchase. The institutions on the other hand have purchased about 95,917 shares recently.

Financial
Although the company earned less revenue in 2005, about 1 million less than the previous year, the most recent quarter looks very bullish as the company swung to net income in the first quarter of 2006 compared to net losses in the previous quarters. However since the cash level is still declining there is chance that the company will still need to sell stocks or borrow money before the account receivable actually turn into cash.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(Grocery Advertising Service): 3
2. Technical: 5
3. Insider: 4
4. Financial: 4
Recommendation: Buy

Penny Stocks On The Move - GRN, PLC, SVVS, TGC

• PLC System Inc. (PLC): shares of medical device maker surged 10.77% or 7 cents to 72 cents per share. The technical chart shows this is perfect time to buy as MACD has just rose above 0 and K line has just rose above D line indicating strong buy signal. In addition the long term trend is back to positive territory as the stock is back above 50 day moving average. The coverage of the stock began on March 15 at 60 cents per share and the stock has since gained 20%. [Strong Buy]
• SAVVIS Inc. (SVVS): shares of Town & Country, MO based VPN(Virtual Private Network) service provider rose 7.94% or 15 cents to 52 weeks high of $2.04 per share. The technical chart shows the stock is in strong bull market as MACD is above 0 and K line is on top of D line. The long term trend is also postive as both 50 day and 200 day moving averages are going up. In addition since ROC is still not far from oversold level, there is still plenty of room to go up. Since covered on April 7 at $1.65 per share, the stock has gained 23.64%. [Strong Buy]
• Tengasco Inc. (TGC): shares of Knoxville, TN based oil and natural gas exploration company soared 22.83% or 29 cents to $1.56 per share. The technical chart shows the stock has the chance to go back to bull market again as MACD is getting closer to 0 while K line in on top of D line indicating buy signal. In addition the long term trend is turning positive as the stock is back above 50 day moving average as both 50 day and 200 day moving averages are still going up. The stock was covered in early February at 91 cents per share and has since gained 71.43%. [Buy]

Penny Stock On The Move - CAU, CHTR, GV

• Canyon Resources Corp. (CAU): shares of the Golden, Colorado based gold mining company surged 8.33% or 10 cents to $1.3 per share on rising gold price. The technical chart shows the stock is in strong bull market as the stock is trading above 50 day and 200 day moving average with both moving averages going up. In addition MACD and KD show buy signal as MACD is above signal line and K line is on top of D line. The stock was initially covered on May 11 at $1.21 per share. [Buy]
• Charter Communications Inc.(CHTR): shares of cable tv operator jumped 8.57% or 9 cents to $1.14 per share as the company begins to offer new business bundle for customers. The technical chart shows the stock could be heading for rebounding rally as K line has just crossed on top over D line while ROC is still near oversold level. The stock overall remains weak as MACD ans signal line are still below 0 and the stock is still below 200 day moving average. The stock was first covered on February 6 at $1.17 per share. [Accumulate]
• Goldfield Corp. (GV): shares of Melbourne, Florida based electrical construction and maintenance services provider soared 13.84% or 22 cents to $1.81 per share. The technical chart shows possibility of new rally as stock has bounced back up after touching 50 day moving average. Moreover KD show buy signal as K line has just crossed on top of D line while ROC is still at near oversold level. However MACD show weak signal as MACD is below 0 and signal line is right around 0. [Accumulate]

Penny Stock Pick - ALAN

The Little RFID Ready To Go Strong After falling to 52 weeks low of 45 cents per share around late 2005 and early 2006, shares of Alanco Technologies Inc. (ALAN), the Scottsdale, Arizona based radio frequency identification (RFID) tracking technology company has been on rally since March, rising about 70% to today's closing price of 79 cents per share as the company won contracts from regional government such as Virginia Department of Corrections, Missouri Department of Corrections and Michigan Juvenile Facility. Based on some simple analysis of the RFID technology company, this could be the time for this penny stock to fly. Here's the analysis.

Technical
The technical chart looks very positive as multiple technical indicators show buy signal. First of all the 50 day moving average has crossed on top over 200 day moving average around early May to form Golden Cross, a very bullish signal. In addition KD and MACD also show buy signal as K line has just rose above D line and MACD and signal line are above 0. As ROC still low, the stock still has a lot more room to go at least for the short term.

Insider
The recent insider transactions seem bullish as the director purchased about 820,000 shares worth 61 cents per share around end of April. Although there was also a stock sale from one other insider, the transaction was only about 18,224, far less than the buy. The institutions on the other hand weer a little bearish of the company by selling about 11,202 shares in the latest quarter, still far less than the director's purchase.

Financial
The income statement shows positive sign as the company made more revenue in 2005 compared to previous year. And based on the first three quarters of the year the company should be making roughly the same in 2006. However since net losses are still on the hike the company may still need to sale more stocks to maintain cash level.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(RFID): 4
2. Technical: 5
3. Insider: 4
4. Financial: 3.5
Recommendation: Buy