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Thursday, November 02, 2006

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]

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