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Thursday, August 17, 2006

Penny Stocks On The Move - AAC, NXXI

  • Ableauctions Inc. (AAC): shares of online auction hosting service provider surged 13.6% to 25 cents per share as the company hosted auction on Hurricane Ivan and Katrina Disaster Clean-up Equipment. Although K line appears to be ready to cross on top over D line, the stock is really weak with MACD below 0 and 50 day moving average below 200 day moving avaerage. Therefore unless there's more clear sign from KD, this is not yet a good time to consider the stock. [Sell]
  • Nutrition 21 Inc. (NXXI): the chromium nutrition product maker showed sign of recovery as it rose 7.81% to $2.07 per share. The stock is now back to bull market rally with MACD above 0 and rising KD. The stock is now around the resistence at $2 and the next level is at $2.5. [Strong Buy]

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