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]