Penny Stocks On The Move - PLC, PMU

• PLC System Inc. (PLC): the Franklin, Massachusetts based medical device maker was one of the few stocks surging on a down market today as the stock added 12.31% or 8 cents to 78 cents per share. After looking at the technical chart more buyers could come as most indicators show strong buy signal: 1. MACD shows buy signal as MACD is on top of signal line; 2.KD shows buy signal as K line has just rose on top of D line. 3. the stock is on top of 50 day and 200 day moving average showing the stock is in bull market. So while not many people know the stock as the volumn is still at 123,000 this is probably a great time to place your money in the stock. The coverage of the stock began on March 15 at 60 cents per share and the stock has since gained 21.67%. [Strong Buy]
• Pacific Rim Mining Corp. (PMU): shares of the Vancouver, Canada based gold and silver mining company which owns gold mine in El Salvador gained 7.35% or 5 cents to 73 cent per share as the updated resource estimate for its El Dorado gold project shows promising number. In the after hour the stock added anothe r5 cents to 78 cents per share. The technical chart shows the stock is in a bear market rally as K line has just rose on top over D line indicating buy signal. However since MACD is below 0 and the stock is below 50 day and 200 day moving average the stock is still in bear market. Tomorrow would be a critical day as in the after hour the stock is right back at 50 day moving average. [Hold]