Penny Stocks On The Move - ADL, OTD, PACW, QEE

• ADL Inc.(ADL): shares of the cancer detection products maker soared 14% to 48 cents per share as the company announced second quarter result. The stock is still in a weak market with MACD still below 0. If the stock can hold the support around 40 cents we may see another short rally with K line still on top of D line. [Accumulate]
• O2Diesel Corp. (OTD): shares of clean fuel company soared 20.24% to $1.01 as Johnson County Transit which uses O2Diesel's clean fuel technology received Innovative Service Initiative of the Year Award. The stock is now back to uptrend with K line on top of D line and support level rising. [Accumulate]
• PAC-WEST Telecom(PACW): shares of telephone service provider for the western United States surged 10% to 43 cents per share. The stock has been rising recently on bargain hunting as ROC hit oversold level not long ago. With MACD still below 0 the stock is still in bear market so wait until the stock reverse back to uptrend before you buy the stock. [Sell]
• Queenstake Resources Ltd. (QEE): shares of the gold mining company rose 6% to 35 cents per share. The current technical trend shows the stock could be tracing in tight range between 50 day and 200 day moving average for another week or two. Once both moving averages converges we will then see more movement coming from the stock. [Hold]