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]
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