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Saturday, June 03, 2006

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]



Some great movers.

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