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]