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]