Share |

Saturday, June 24, 2006

Penny Stocks On The Move - PLC, TGC

  • 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. Although the stock rose 12.5% on Thursday we still gave it a Buy rating giving the strength of this rally. On Friday the stock went in full speed as it soared 27.16% or 22 cents to $1.03 per share, back near its 52 weeks high despite again with no news announced. If there is still no news next week than the recently run could be by just technical reason and the investors will be in a riskier situation as current technical chart shows ROC is at overbought level and the stock will be due for correction very soon. Although the other technical indicators such as MACD and KD still show bull market but we would suggest investors who hasn't bought the stock to wait for a while for the stock to cool down a little bit as we also made the same recommendation on BSML two weeks ago. [Hold]
  • Tengasco Inc. (TGC): last week we gave the Knoxville, TN based oil and natural gas company a Buy rating as the technical chart shows rally was coming. After a week of profit taking the stock on Friday rose 6.67% or 8 cents to $1.28 per share and was showing signs that rally may about to begin as K line is now on top of D line. The current rally should at least push the stock to $1.4 per share where the 50 day moving average is. And if at the same time MACD can rise above 0 then we could be back to bull market. The stock was covered in early February at 91 cents per share and has since gained 40.66%. [Buy]



A really great take.

11:51 PM  
Blogger oakleyses said...

burberry factory outlet, uggs on sale, oakley sunglasses, prada outlet, longchamp outlet, louis vuitton, michael kors handbags, nike free, michael kors outlet, longchamp outlet, ralph lauren outlet, michael kors outlet online, oakley sunglasses, burberry outlet, nike outlet, longchamp bags, kate spade, ray ban sunglasses, tory burch outlet, uggs on sale, christian louboutin, ray ban sunglasses, uggs outlet, louis vuitton handbags, tiffany jewelry, louboutin shoes, replica watches, prada handbags, louis vuitton outlet, nike air max, louis vuitton outlet, michael kors outlet store, oakley sunglasses, michael kors, cheap jordans, nike air max, uggs outlet, uggs on sale, michael kors outlet online, ralph lauren polo, gucci handbags, louis vuitton outlet online, christian louboutin, chanel handbags, cheap oakley sunglasses, louboutin uk, ray ban sunglasses, replica watches

12:58 AM  
Blogger oakleyses said...

vans pas cher, mulberry uk, sac guess pas cher, nike free pas cher, lululemon outlet, polo lacoste pas cher, nike air force, nike air max uk, coach outlet, true religion jeans, new balance, ralph lauren pas cher, converse, true religion outlet, nike air max pas cher, jordan pas cher, michael kors outlet online, coach purses, kate spade outlet, nike tn pas cher, hogan sito ufficiale, north face pas cher, timberland pas cher, longchamp soldes, nike roshe run pas cher, nike air max uk, north face uk, michael kors, nike free, longchamp pas cher, ray ban uk, vanessa bruno pas cher, polo ralph lauren uk, hollister uk, michael kors uk, burberry pas cher, hermes pas cher, coach outlet, louboutin pas cher, nike blazer pas cher, true religion outlet, abercrombie and fitch UK, coach outlet store online, lunette ray ban pas cher, abercrombie and fitch, nike air max, nike roshe uk

1:00 AM  
Blogger oakleyses said...

soccer shoes, softball bats, mac cosmetics, insanity workout, polo ralph lauren, lululemon outlet, nfl jerseys, herve leger, hollister clothing, ray ban, oakley, beats by dre, gucci, nike air max, longchamp uk, louboutin, converse, celine handbags, vans outlet, valentino shoes, giuseppe zanotti, salvatore ferragamo, hermes handbags, reebok outlet, abercrombie and fitch, timberland boots, nike air huarache, bottega veneta, iphone cases, new balance shoes, abercrombie, mcm handbags, wedding dresses, soccer jerseys, p90x workout, north face outlet, nike roshe run, babyliss pro, nike air max, nike trainers uk, ghd hair, asics running shoes, chi flat iron, instyler ionic styler, jimmy choo outlet, hollister, north face outlet, vans scarpe, converse shoes outlet, mont blanc

1:02 AM  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home