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]