Penny Stocks On The Move - ISIG, NXXI

• Insignia Systems Inc. (ISIG): shares of Maple Grove, Minnesota based in-store advertising company surged 8.23% or 20 cents to $2.63 per share. Earlier this month when the stock is about to top $3 per share, we issued a cautious comment that the stock was overbought at the time and may experience correction. Since then the stock has dropped back and is now trading at near $2.5 per share. The correction helped ROC to cool down a little bit and is now at more reasonable buying point. Since MACD is still above 0 and K line is about to cross on top over D line again, this is actually a good time to get back into the high flying advertising company again. [Buy]
• Nutrition 21 Inc. (NXXI): those of you who bought the chromium nutrition product maker when we recommended it to buy on Sunday have probably reached their monthly or even annually investment return of 16% as the stock soared 16.32% or 23 cents on Monday to $1.64 per share. As we mentioned earlier, the stock reaching 200 day moving average while ROC was at oversold level is the reason why buyers were rushing back in the last two hours of trading. Now that K line is on top of D line indicating buy signal, do expect the stock to go much higher and test the 50 day moving average at around $1.79 per share. [Buy]