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]