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]