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
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
posted by Stock Geek at
11:56 AM
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