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]