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Wednesday, October 04, 2006

Penny Stocks On The Move - ADL, CHTR, SIGA

  • ADL Inc.(ADL): shares of the cancer detection products maker surged 7.38% to $2.62 per share. The stock has chance to keep going up as the stock is on uptrend and MACD is back above 0 indicating bull market. [Buy]
  • Charter Communications Inc.(CHTR): shares of the cable tv company gained 5.92% to $1.61 per share. The technical chart is showing bullish sign with 50 day moving average has crossed on top over 200 day moving average recently. In addition with MACD on top of 0 and K line on top of D line the stock should be heading higher. [Strong Buy]
  • Siga Technologies Inc. (SIGA): shares of New York based biological warfare defense drug maker rose 5.33% to $1.78 per share. However in the after market the stock plunged 7.87% to $1.64 after the company pull out of the merger. Since the stock is still in bull market as MACD is still above signal line and the stock is above 50 day and 200 day moving average, any pull back would mean great buying opportunity. [Buy]

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