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Thursday, July 27, 2006

Penny Stocks On The Move - BSML, TGC

  • BriteSmile Inc. (BSML): shares of Walnut Creek, CA based teeth whitening company rose 6.61% to $2.84 per share. The technical chart shows this is probably the time to buy the stock as K line is about to cross on top of D line with stock bouncing back up after hitting 50 day moving average. This new rally should at least pushed the stock back to current ceiling of $3.2 per share. Since the coverage began on BSML on January 4, the stock has gained 134.71%. [Strong Buy]
  • Tengasco Inc. (TGC): shares of the Knoxville, TN based oil and natural gas company surged 7.08% to $1.21 per share. The technical chart shows new rally is coming as K line has just crossed on top of D line. The rally may be short as the stock faces potential pressure near 50 day moving average. However if the stock break above 50 day moving average and brings MACD above 0, the stock could be back to bull market again. So for now it is better to wait and see what happen for the next few days before making any decision. [Hold]

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