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Wednesday, October 11, 2006

Penny Stocks On The Move - FCSE, MDII, MZT

  • Focus Enhancements Inc. (FCSE): shares of Focus Enhancements, a video technology company surged 12.16% to $1.66 per share. The stock is in a strong bull market with both 50 day and 200 day moving averages going up and MACD on top over signal line. With ROC, the overbuy/oversold indicator still low the stock has the chance to continue go higher. [Buy]
  • MDI Inc. (MDII): shares of the enterprise security sfotware maker rose 10% to 55 cents per share. The stock is still in weak market with 50 day moving average below 200 day moving average. But with rising KD and stablizing stock price we may see some positive movement coming soon. [Accumulate]
  • Matritech Inc. (MZT): shares of cancer diagnostic produts maker surged 9.68% to 68 per share. Although the the technical chart shows weakness as 50 day moving average is below 200 day moving average, with stock stablizing at 60 cents per share it may be ready for new rally as K line is on top over D line. [Buy]

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