Penny Stocks On The Move - CTCH, TGC

• Commtouch Software Ltd. (CTCH): shares of Commtouch Software, an anti-spam software maker based in Israel, rose 8.05% to 94 cents per share. The technical chart shows this is a great time to buy as the stock is now on a uptrend with MACD back above 0 and KD line rising. [Strong Buy]

Penny Stocks On The Move - ADL, TGC

• ADL Inc.(ADL): shares of the cancer detection products maker rose for the second straight day by adding another 9.09% prior to its 5 to 1 reverse stock split. The stock is still in the rally as K line is rising on top of D line. Now with MACD back above 0 and stock back above 50 day and 200 day MA there should be more upside coming for the stock. [Buy]
• Tengasco Inc. (TGC): shares of ed oil and natural gas company gained 8.33% to 78 cents per share. Although the stock is showing weakness with MACD below 0 and 50 day MA still declining, now with K line rising passed D line the stock could probabaly bounce back up for few sessions. [Accumulate]

Penny Stocks On The Move - ADL, FCSE, MCZ, SIGA, SMD

• ADL Inc.(ADL): shares of the cancer detection products maker soared 19.57% to 55 cents per share. The technical chart shows the buyers have been coming as K line is on top of D line. However the stock would encounter pressure as it is now at 200 day moving average. If the stock goes down again it is still good time to buy as the stock has been on uptrend recently. [Accumulate]
• Focus Enhancements Inc. (FCSE): shares of Focus Enhancements, a video technology company rose 8.33% to $1.56 per share. The technical chart shows the stock is still in a strong bull market as both 50 day and 200 day moving averages are rising and MACD is above 0. One indicator to watch is ROC which is now showing the stock is slightly overbought and may trigger some profit taking. [Accumulate]
• Mad Catz Interactive Inc. (MCZ): shares of San Diego based video game accessories maker surged 10.64% to 52 cents per share. The stock has been doing well recently as K line is on top of D line with MACD on top of signal line. Now that the stock is above 50 day and 200 day moving average more buyers should be coming. [Buy]
• Siga Technologies Inc. (SIGA): shares of biological warfare defense drug maker skyrocketted 53.77% to $1.63 per share after the company were awarded $213 million contract from Department of Defense. With ROC now showing the stock is overbought, there could be profit taking for few session. But now that MACD is back above 0 and 50 day moving average is rising again the stock will continue to go higher once the sell-off is over. [Hold]
• Singing Machine Co. Inc. (SMD): shares of karaoke equipment maker surged 23.08% to 32 cents per share. The stock has chance to start new rally as K line is about to cross on top over D line. However since the stock is still weak as MACD is below 0, if K line fails to break above D line, the downtrend may continue. [Hold]

Penny Stocks On The Move - CVM

• CEL-SCI Corp. (CVM): shares of the Vienna, Virginia based bird flu vaccine enhancer maker surged 8.2% to 66 cents per share. Although the stock is in bear market with MACD below 0 and stock below 50 day and 200 day moving average, but with K line now on top over D line the stock may have chance to starte new rally. [Accumulate]

Penny Stocks On The Move - CAU, PRGX

• Canyon Resources Corp. (CAU): shares of the Golden, Colorado based gold mining company rose 6.06% to 70 cents per share. The stock is in a weak market as MACD is below 0 and 50 day MA is below 200 day MA. With K line just crossed on top of D line the stock may began a bear maket rally. [Accumulate]
• PRG-Schultz International Inc. (PRGX): shares of accounting services provider rose 5.36% to $6.29 per share. The technical chart shows the stock has been going up recently as KD has been on the rise. Now that MACD is back above 0 the stock has the change to be back to bull market for the long term again as the stock is now also back above 50 day and 200 day moving average. [Accumulate]

Penny Stocks On The Move - ADL, PLC

• ADL Inc.(ADL): shares of the cancer detection products maker gained another 13% to 46 cents per share adding to yesterday's gain of 9% as Jade Pharmaceutical, which the company recently acquired, posted revenue of $3 million for the sixth months ended June 30, 2006, compared to $2.1 million for the same period last year, a 42% increase. The technical chart shows the rally is probably coming as K line has just crossed on top of D line. However the weakness in MACD may limit the rally. [Accumulate]
• PLC System Inc. (PLC): shares of the Franklin, Massachusetts based medical device maker rose 5.1% to $1.03 per share. Although the stock has been on the decline recently due to dropping KD, the stock overall is still in bull market as MACD is above 0 and 50 day MA is still on top of 200 day MA. Now is great time to buy the stock before the next rally comes. [Strong Buy]

Penny Stocks On The Move - ADL, UDW

• ADL Inc.(ADL): shares of the cancer detection products maker rose 9.52% to 46 cents per share. The technical chart shows the stock is weak with MACD below 0 and 50 day MA below 200 day MA. However as the stock has bounced off from support at 40 cents and K line is ready to cross on top over D line the stock has the chance to start a new rally. [Accumulate]
• US Dataworks Inc. (UDW): shares of the Houston, Texas based software company rose 7.55% to 57 cents per share. Although stock is still in bear market with MACD below 0, with K line now back above D line the stock has chance to start new rally. [Buy]

Penny Stocks On The Move - FCSE, ISIG, MZT, NXXI, PRGX

• Focus Enhancements Inc. (FCSE): shares of Focus Enhancements jumped 25% to $1.5 per share. With ROC now showing the stock has been overbought, do expect profit taking for the next few days. However since the stock is still at bull market with MACD above signal line and 50 day MA above 200 day MA, when the profit taking is over the stock should go up again. [Hold]
• Insignia Systems Inc. (ISIG): shares of Insignia Systems surged 11.04% to $3.72 per share. The stock looks very strong with both 50 day and 200 day moving average going up while MACD is above 0 and K line is on top of D line. This is one of the best stock to buy at this moment. [Strong Buy]
• Matritech Inc. (MZT): shares of cancer diagnostic produts maker rose 7.35% to 73 per share after the company was named one of New England's fastest growing technology companies. The technical chart shows the stock has been on the rise again recently as K line is rising on top over D line. However the stock is overall still weak as MACD is below 0 and 50 day MA is below 200 day MA. Now with stock appraching 50 day MA, pay close attention to see if it will break the downtrend or end the recent surge. [Hold]
• Nutrition 21 Inc. (NXXI): shares of the chromium nutrition product maker surged 10.11% to $1.96 per share. Buyers were back after the stock dropped back to 50 day moving average with ROC showing the stock was oversold. Although MACD and KD still show weak signal, the stock is still a great one to get for long term as both 50 day and 200 day MA are moving up. [Buy]
• PRG-Schultz International Inc. (PRGX): shares of accounting services provider rose 9.67% to $5.9 per share. The technical chart shows the stock has been on rally as K line is on top of D line. Now the stock is above 50 day and 200 day MA expect more positives coming for the stock. [Accumulate]

Penny Stocks On The Move - DVW, IIP, TGC

• Covad Communications Group Inc. (DVW): shares DSL and VoIP service provider surged 5.88% to $1.4 per share on new product announement. The stock is weak as 50 day moving average has just crossed below 200 day moving average with MACD below 0. However with K line ready to cross on top over D line the stock has the chance to at least rose back to 50 day or 200 day MA of $1.6. [Accumulate]
• Internap Network Services Corp. (IIP): shares of business network solution provider gained 5.96% to $13.86 per share. The technical chart shows the stock is in bull market rally as K line is on top of D line and MACD is above signal. The stock should continue to go up a while with 50 day MA and 200 day MA are both moving up. [Buy]
• Tengasco Inc. (TGC): shares of ed oil and natural gas company surged 9.46% to 81 cents per share. The technical chart shows the stock is still in weak market as KD is below 20 and MACD is below signal line. At this time wait for K line to break above D line to began buying the stock again. [Hold]

Penny Stocks On The Move - CTCH, PRGX

• Commtouch Software Ltd. (CTCH): shares of Commtouch Software, an anti-spam software maker based in Israel, jumped 11.11% to 90 cents per share. According to the technical chart, the stock was up as KD is rising. Although stock is still weak with 50 day MA below 200 day MA, with the stock now above 50 day MA, it may continue to go up and test the 200 day MA. [Accumulate]
• PRG-Schultz International Inc. (PRGX): shares of accounting services provider surged 14.41% to $5.08 per share. The technical chart shows the stock has been going up recently on rising KD. The stock is now back to 200 day moving average and if the stock can continue to go higher it may be back to bull market as MACD is back above 0. However with ROC showing stock is overbought and 50 day moving average still below 200 day moving average, there's a chance that profit taking may come as well. [Hold]

Penny Stocks On The Move - FCSE

Focus Enhancements Inc. (FCSE): shares of Campbell, CA based video technology company surged 11.11% to $1.2 per share. The technical chart is showing bull market signal as K line is still on top of D line while MACD is now above 0. The stock is above 50 day and 200 day moving average, another positive sign for the stock. Since ROC is still low so the stock still has quite a bit of room to go up. [Buy]

Downgrade Alert - HEC

Here in Penny Stock Pick we rate penny stock by news, market potential, insider, financial statement and technical chart. The average rating of the stock is then used to determine how we would recommend the stock from Strong Buy to Strong Sell.

The stock which is showing weakness is is Harken Energy Corp. (HEC), the Southlake, Texas based oil and gas company in the guylf coast regions. There hasn't been any significant news recently, however the technicals and financials are showing warning signs that the stock could be heading lower.

Technical
The technical chart now shows bearish sign as the 50 day moving average has crossed below 200 day moving average since mid July to form Death Cross - a strong sell signal. In addition other technical indicators such as MACD and KD also show weak signal as MACD is below 0 and K line is dropping below D line.

Insider
The director and CEO has purchased 70,000 shares this year. However the institutions are quite negative about the stock and actually sold 3.3 million shares and have reduced 69.7% of their holdings in the latest quarter.

Financial
The income statement shows negative sign as the revenue has declined almost half from $9.88 million in March down to $5.69 million in June. Moreover the company has been getting negative loss for the first two quarters of this year comparing with net income before.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(Oil): 3.5
2. Technical: 1
3. Insider: 2.5
4. Financial: 1.5
Recommendation(2.1): Sell

Penny Stocks On The Move - ANO, QEE, SIGA

• Anooraq Resources Corporation (ANO): shares of mineral properties owner surged 13.33% to 85 cents per share. Although K line is on top over D line showing buy signal, as 50 day moving average is below 200 day moving average the stock is still considered weak and may encounter selling pressure around 200 day moving average. [Hold]
• Queenstake Resources Ltd. (QEE): shares of the gold mining company rose for the second straight session by adding 8.57% to 38 cents per share. The stock has break out 50 day moving average and could be heading higher as MACD is above 0 and KD is still rising. [Buy]
• Siga Technologies Inc. (SIGA): shares of biological warfare defense drug maker surged 9.9% to $1.11 per share. The technical chart is actually showing negative sign as 50 day moving average is about to cross below 200 day moving average to form death cross - a ver negative signal. Unless the stock can continue to go up for a while, once death cross is formed it is not a good time to stay with the stock. [Hold]

Penny Stocks On The Move - BPUR, PLC, QEE, TAG

• Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company rose 7.55% to 99 cents per share. The stock has been on an uptrend recently with K line rising on top of D line. However with 50 day MA still falling, watch what will happen when the stock reached 50 day MA. A breakout will be positive but a retreat may probably mean end of rally. [Hold]
• PLC System Inc. (PLC): shares of medical device maker surged 16.67% to 1.05 cents per share. The stock is now back to positive trend again as it is now back above 50 day moving average after staying below the moving average for two weeks. Now with MACD above 0 and KD rising the stock could be heading for a new bull market rally. [Strong Buy]
• Queenstake Resources Ltd. (QEE): shares of the gold mining company rose 6.06% to 35 cents per share. The current technical trend shows the stock could be still trading in tight range between 50 day and 200 day moving average for a while. The stock won't be moving too much unless any positive news coming. [Hold]
• Tag-It Pacific Inc. (TAG): coverage of the cloth zipper maker began around end of last month at 71 cents per share. So far the stock has gained 88.73% at $1.34 per share and on Friday shares surged 17.54%. The stock is in a very strong bull market with MACD on top of signal and K line on top of D line indicating buy signal. ROC is showing the stock is overbought so do watch for profit taking. However any profit taking would mean more buying opportunity. [Accumulate]