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]