Penny Stocks On The Move - BSML, FCSE, ISIG

• BriteSmile Inc. (BSML): earlier in June the Walnut Creek, CA based teeth whitening company soared to 2006 high on bid from futuredontics. Since then the profit taking has send the stock to below $2.5 per share. On Friday the buyers are back after seeing ROC dropped to oversold level and send the stock up 21.99% or 53 cents to $2.94 per share. The surge brought K line back to D line and has the chance to start new rally again. The indicator to watch for now would be KD which will determine the direction of the stock. Since the coverage began on BSML on January 4, the stock has gained 141.98%. [Hold]
• FOCUS Enhancements Inc. (FCSE): shares of the Campbell, CA based video technology company surged 12.64% to 98 cents per share, getting right back to 50 day moving average. With MACD rising near 0 and K line again at D line, any surge for the next few day should bring the stock back to bull market. [Accumulate]
• Insignia Systems Inc. (ISIG): one of the hottest penny stock recently belongs to the Maple Grove, Minnesota based Insignia, an advertising service company which has gone almost doubled in June. On Friday the stock jumped 17.95% or 35 cents to 52 weeks high of $2.3 per share after court authorizes the company to proceed with an antitrust lawsuit. The stock looks really strong as both 50 day and 200 day moving average are rising with MACD on top of signal line and KD at 80. The coverage of the stock began in early June at $1.4 per share and the stock has since gained 64.29%. [Hold]