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Wednesday, July 05, 2006

Penny Stock On The Move - CHTR, TGC

  • Charter Communications Inc.(CHTR): shares of the cable tv company gained 6.3% to $1.18 per share after Citigroup upgraded the stock to Buy saying the company is poised for a turnaround. The technical side also shows the stock is poised for a rally as K line is on top of D line. Although MACD is a little big weak as it is still below 0, yet it is so close to 0 that any rally should easily bring it back to bull market above 0. [Strong Buy]
  • Tengasco Inc. (TGC): shares of the Knoxville, TN based oil and natural gas company rose 5.4% to $1.36 per share as the company completed new financing of $50 million credit line. The stock continued the rally as K line is still on top of D line. As the stock is getting closer to 50 day moving averager and MACD is getting closer to 0, there's the chance that the stock can go back to bull market. [Buy]

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