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Tuesday, November 21, 2006

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]

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