Penny Stock On The Move - BSML, DVW, PMU

• BriteSmile Inc. (BSML): shares of Walnut Creek, CA based teeth whitening company soared 14.9% to $1.85 per share. Although the stock is still weak as MACD is below 0. Bargain hunters came back as ROC shows the stock was oversold. Another indicator KD now shows positive sign as K line is now back above D line. [Accumulate]
• Covad Communications Group Inc. (DVW): shares DSL and VoIP service provider rose 7.14% to $1.2 per share. The stock is weak as 50 day moving average is below 200 day moving average and MACD is way below 0. With K line still below D line this is still not the time to buy the stock. [Hold]

Penny Stock On The Move - HCTL, ISON

Isonics Corp. (ISON): the homeland security product maker is doing well today as shares rose 13.5% to 84 cents per share as its partner DualDraw delivered hand baggage parcel screening system to courhouses. The technical chart shows bullish sign as the stock bounce back up after touching 50 day moving average showing support at the 50 day MA. In addition with MACD back above 0 and KD still rising, anytime the stock drop would mean opportunity to buy. The coverage of the stock began in late August with Buy rating. [Buy]

Healthcare Technologies Ltd. (HCTL) shares of the Israel based clinical diagnostic test kit maker skyrocketted 108% with heavy volumn to $2.64 per share after the company annouced third quarter result and also agreed buy NexGen Biofuels. The technical chart shows the stock has been back to bull market since mid June as 50 day moving average has crossed on top over 200 day moving average. Although the stock would see profit taking for a while with ROC showing the stock has been overbought, once the profit taking is over the stock should continue to rise agagin. The coverage of the stock began in late July around 79 cents per share and the stock has since rose more than 200%. [Hold]

Penny Stock on the Move - CHTR, SOFO

• Charter Communications Inc.(CHTR): the cable tv company is still going strong as it rose another 6.88% to new 52 weeks high of $2.97 per share. The technical chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. In addition with ROC now back at a more stable level we should see the stock begin to rise again. Since we began coverage on the stock it has gained almost 152%. [Strong Buy]
• Sonic Foundry Inc. (SOFO): shares of digital media applications maker rose 6.18% to $3.78 per share. The technical chart shows the stock is in a strong bull market both 50 day and 200 day moving average rising and MACD above 0. However KD show weak sign as K line is now below D line. The stock may not change too much for the short term but should still go up for the long term. The coverage on the stock began on April 27 at $2.25 per share. [Buy]

Penny Stocks On The Move - ANO, MDII

• Anooraq Resources Corporation (ANO): after almost half year of slide, shares of Vancouver, Canada based mineral properties holder in South Africa have been jumping since October from below 60 cents per share to $1.12 per share today, going almost doubled in less than two months. With technical chart showing strength as MACD is above signal and KD above 80, we could see the stock keep going strog for a while. [Buy]
• MDI Inc. (MDII): shares of the enterprise security software maker soared 16.67% to 49 cents per share. The stock has the opportunity to start new rally as K line is again back above D line. However since stock overall is still weak as the price is still below 50 day MA and MACD is still below 0, wait till the stock can break above 50 day MA to buy. [Hold]

Penny Stock Pick - CMGI

The penny stock on the spotlight today is CMGI Inc. (CMGI), the Waltham, Maryland based supply chain management services provider. After plunging from a over $100 stock during the boom all the way back to a penny stock, CMGI hasn't yet been showing the same strength it had prior to the dot com boom. However the stock recently is on the rise and may at least start a recovery rally.

Technical
The technical chart shows the stock may be about to be back to bull market as 50 day moving average is about to cross on top over 200 day moving average. With MACD back above 0 and K line still on top over D line, we should see the stock going strong for a while.

Insider
The insider transactions from top management show mix signal with some puchases from director and some sales from officer. The institutions are more bullish and have purchased 13.8 million shares in the latest quarter.

Financial
The revenue has increased from $397 million in 2004 to $1.15 billion in 2006. However net income has been going the opposite direction going from $87 million in 2004 to $15 million in 2005.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(supply chain management): 4
2. Technical: 5
3. Insider: 4
4. Financial: 3
Recommendation: Strong Buy

Penny Stocks On The Move - AGT, QEE

• Apollo Gold Corp. (AGT): shares of Greenwood Village, Colorado based gold mining company rose 8.11% to 40 cents per share on the shortened trading day. The technical chart shows the stock has been on rally as K line is rising on top over D line. Although 50 day moving average is still below 200 day moving average, now with stock breaks above 50 day MA and MACD rising, the stock may be on the way to huge comeback. [Buy]
• Queenstake Resources Ltd. (QEE): shares of the gold mining company rose 8.7% to 25 cents per share. The current technical trend shows the stock could be back to new rally with K line ready to go back on top over D line again. However do wait till K line actually break above D line to make any investment decision. [Hold]

Penny Stocks On The Move - ISON, MCZ, TGC

Isonics Corp. (ISON) is the stock on the rise as it surged for the second straight day by adding another 18% to 88 cents per share on the spotlight again after shares soared 23% to 74 cents per share as the company expects to report 188% increase in revenue for the quarter ended October. Now that the stock is above 50 day MA and MACD is almost back above 0 the stock has chance to be back to bull market rally. KD also show strong sign as K line is still on top of D line. It's a good time now to begin accumulating the stock.[Accumulate]

The San Diego based video game accessories maker Mad Catz Interactive Inc. (MCZ) has been doing well recently and has added another 18% to 63 cents per share on acquisition of INAIR Personal Sound Technology to expand the business to digital audio market. The technical chart shows very bullish signal as 50 day moving average has just crossed on top over 200 day moving average to form Golden Cross. With the bullish sign formed and MACD also back above 0 we should see the stock take off from now on. So this is the time to buy the stock before it's too late. [Strong Buy]

Shares of Tengasco Inc. (TGC) bounce back 13% to 86 cents per share after weeks of slide which brought the stock back from over $1 per share in early November. The stock is still weak with K line below D line and 50 day MA below 200 day MA so it's not yet the time to buy the stock. [Hold]

Penny Stocks On The Move - ISON, TAG

The homeland security product provider Isonics Corp. (ISON) is on the spotlight again after shares soared 23% to 74 cents per share as the company received purchase order from DualDraw to upgrade six mail inspection workstations with chemical and explosive detection capability. The stock has chance to satock new rally and K line is now on top of D line. MACD still showing the stock is weak as the signal is below 0 so wait till the stock can break above 50 day MA before making any buying decision. [Hold]

Apparel company Tag-It Pacific Inc. (TAG) surged 13.27% to month high of $1.28 per share. With MACD now back above 0 and KD rising, this is a great time to buy the stock before the major rally coming. [Strong Buy]

Penny Stocks On The Move - ADL, MZT, UDW

• ADL Inc.(ADL): shares of the medical test maker rose 8.94% to $5.12 cents per share after the company's recently acquired unit Jade Pharmaceutical Inc. received approval from Chinese regulators to sell antibiotics. The technical chart shows very bullish signal as 50 day moving average has just crossed 200 day moving average and form Golden Cross. With MACD still above 0 and K line about to rise above D line, expect the stock to head higher from now on. [Strong Buy]
• Matritech Inc. (MZT): shares of cancer diagnostic produts maker gained 8.82% to 74 per share. The technical chart shows the stock is now back to uptrend has chance to start new rally with K line about to cross on top over D line and MACD now on top over 0 indicating the stock is back to bull market. [Accumulate]
• US Dataworks Inc. (UDW): shares of the Houston, Texas based software company rose 8.33% to 65 cents per share. The stock may be back to strong bull market with 50 day moving average about to rise above 200 day moving average. The other technical indicators also show bullish sign with MACD still above 0 and K line just got back above D line. The stock should be able to head back to the 80 cents mark soon. [Strong Buy]

SPAB Ready to Launch Again

Spacehab Inc. (SPAB) is in an industry that has always been forgotten by investors. Most people chased for the internet, biotechnology, retail and so on.. but spacecraft? This is probably why this penny stock never took off for the year, trading at most $1.41 in June but came all the way back to 56 cents recently. This is probably not yet the time to put all your bets on the aerospace company but if you are like daytraders who's just looking for a quick cash this could be a one in your radar.

Looking at the technical chart, you would see after the stock hit the 52 weeks low in early November, the huge rally that follows brought the stock back above 50 day MA. Another crucial element is the volumn which recently received two huge spikes showing some heavy buying since the stock is still going up after the huge volumn spike. Other supporting technical indicators are KD and MACD, both showing buy signal with K line on top over D line and MACD about to back above 0. Maybe afterall this is finally the time that the stock is going skyrocketting.

It's Sonic Time

So how did we know back in April that the $2 per share Sonic Foundry Inc. (SOFO), a digital media company would went on and gain 60% in just half year? In April when the stock was still trading around $2 per share we gave the stock a Strong Buy rating given the facts that the company's technical chart, financials and insider transactions all show the stock would be going much higher.

The insider transaction chart was showing bullish signal as all transactions have been purchases of stock. Even after we began coverage, the top management was still buying showing storng support.

The technical chart on the other hand first show positve sign back in mid March when the 50 day moving average crossed on top over 200 day moving average to form Golden Cross which was also the reason why we began coverage on the stock. Although the stock dropped from May to July, since then the stock has been on the rise again and should be going up much stronger as now both 50 day and 200 day moving average are going up.

The stock on Friday rose another 15.77% to $3.67 per share after the company annouced new medical center has expanded adoption of the company's web communication system. The breakthrough the company is bringing to the medical industry should just keep helping the company's stock performance. Don't be surprise to see the stock in the 10s in the future.

Penny Stocks On the Move - OTD

• O2Diesel Corp. (OTD): shares of O2Diesel, a Newark, Delaware based clean diesel fuel technology company surged 14.49% to 79 cents per share. Although KD show positive sign with K line rising on top of D line, this is not yet the time to buy as the stock is still weak as 50 day MA is still falling and the stock is sitll on downtrend. It's better to wait until the stock is back to uptrend to buy. [Hold]

Penny Stocks On the Move - SIGA

• Siga Technologies Inc. (SIGA): shares of SIGA soared 27.46% to $4.27 per share. The stock is still in bull market as 50 day moving average is still above 200 day moving average so any pull back would mean buying opportunity. The coverage of the stock began in early May with a Strong Buy rating and the stock has since gained almost 200%. [Buy]

Penny Stocks On the Move - MDII, MZT, TGC

• MDI Inc. (MDII): shares of the enterprise security software maker soared 17% to 55 cents per share. The stock is still weak with MACD still below 0 and 50 day MA way below 200 day MA. Now that K line has crossed on top over D line showing some positive sign, if the stock can continue to stay above 50 day MA more buyers may come. [Hold]
• Matritech Inc. (MZT): shares of cancer diagnostic produts maker surged 17.74% to 73 per share. The technical chart shows the stock has chance to start new rally with K line just crossed on top over D line and MACD back above 0. The stock at least can hit 200 day MA at 85 cents per share. [Accumulate]
• Tengasco Inc. (TGC): shares of oil and natural gas company rose for the second straight day by adding another 10.53% to $1.05 per share. The technical chart still shows bullish sign as the stock is now on up trend and MACd is back above 0. However with stock approaching 200 day MA, the stock may encounter selling pressure. But any pull back would mean more buying opportunity. [Buy]

Penny Stock On The Move - CYTR, SPAB, TGC

• CytRx Corp. (CYTR): the coverage of the Los Angeles based biopharmaceutical company began on October 25 with accumualte rating. Since then the stock has gained 22%. Today the stock surged 11.11% continuing the rise since few days ago when the company's drug receives orphan status from European Commission. The technical chart now confirms the stock is ready to take off big with 50 day moving average just corssed on top over 200 day moving average with MACD back above 0 and KD rising. We are very bullish on this stock now and highly recommend everyone to start buying before it's too late. [Strong Buy]
• SPACEHAB Inc. (SPAB): shares of Webster, Texas based space service company soared 16.67% to 70 cents per share. The technical chart shows the stock may be back to rally with K line back again above D line. However since the stock is still weak with MACD below 0, watch for the possible selling pressure at 50 day MA. [Hold]
• Tengasco Inc. (TGC): shares of oil and natural gas company surged 11.9% to 94 cents per share. The technical chart shows bullish sign as the stock is now on a up trend has has rose above 50 day MA. With MACD back above 0 and KD still rising the stock should at least hit above $1 per share. [Strong Buy]

Penny Stock On The Move - FCSE, QEE

• Focus Enhancements Inc. (FCSE): shares of Focus Enhancements, a video technology company surged 13.13% to $1.81 per share despite no big news announcement. The stock is in a strong bull market with both 50 day and 200 day moving averages continue to go up and MACD on top over signal line showing bullish signal. Now that K line has just crossed on top of D line another new rally may be coming. [Strong Buy]
• Queenstake Resources Ltd. (QEE): shares of the gold mining company rose 8.7% to 25 cents per share. From the technical chart it looks like the slide has ended and the stock is now back on the rise again with K line is now on top over D line. The stock should at least rech 50 day MA arond 28 cents per share and if it can continue to go up then more buyers should be back. [Accumulate]

Penny Stock On The Move - CHTR, NXXI, TGC

• Charter Communications Inc.(CHTR): the cable tv company has been doing really well recently as its rose about 100% in just two month. The stock today surged 15.65% on upgrade from citigroup. The technical chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average. The stock should continue to go up for the long term yet may enounter some profit taking for the short term as ROC shows the stock is overbought. Since we began coverage on the stock it has gained almost 120%. [Buy]
• Nutrition 21 Inc. (NXXI): the chromium nutrition product maker showed sign of recovery as it rose 7.5% to $1.76 per share. The stock is now at a critical point as the stock is at 200 day moving average. If the stock can break the 200 day MA it has the chance to start new rally as K line is on top over D line. Otherwise the stock will continue the weakness as MACD is still below 0. [Hold]
• Tengasco Inc. (TGC): shares of ed oil and natural gas company moved up 6.17% to 86 cents per share. The technical chart shows bullish sign as the stock is now above 50 day MA with MACD back above 0 and K line on top of D line. This is a perfect time to buy the stock. [Strong Buy]