Penny Stocks On The Move - ADL, ISIG

• AMDL Inc.(ADL): shares of the Tustin, CA based cancer detection products maker on positive report of the company's cancer detection product. From the technical chart it looks like enw rally is coming as K line is about to cross on top over D line. Moreover with ROC at oversold level the stock would also attract bargain hunters. The stock however is still in bear market as MACD signal is still below 0. Nevertheless this is about the time to buy the stock. [Buy]
• Insignia Systems Inc. (ISIG): the surge still looks unstoptable for the Maple Grove, Minnesota based advertising company as it soared 12.87% to another new 52 weeks high of $3.07 per share. The stock has already gained 200% since te rally began in mid April around $1 per share and has gained 119% since the coverage of the stock began in early June at $1.4 per share. Although the technical indicators show the stock is in a very strong bull market and MACD is on top of signal line and KD is above 80, ROC is also at 52 weeks high showing the stock is way overbought and could trigger correction at anytime. If you haven't bought the stock yet we would recommend to stay away from the stock for now. [Hold]