Penny Stocks On The Move - ANO, ONT, SOFO

• Anooraq Resources Corporation (ANO): shares of Vancouver, Canada based mineral properties holder in South Africa rose 9.62% to $1.14 per share on mineral rights. The technical chart shows the stock is about to be back to bull market with 50 day moving average about to go back above 200 day moving average. In addition, MACD also shows bullish sign as it is now back above 0. [Buy]
• On2 Technologies Inc. (ONT): shares of video codec software maker rose 6.9% to 93 cents per share. The technical chart shows very bullish sign as 50 day moving average has just crossed on top over 200 day moving average to form Golden Cross. In addition with MACD back above 0 and KD rising, we should see the stock back flying. We highly recommend buying this stock. [Strong Buy]
• Sonic Foundry Inc. (SOFO): shares of digital media applications maker soared 23% to $4.7 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. In addition KD show very bullish sign as K line has just crossed on top of d line indicating beginning of new rally. The only weak signal is ROC which indicates the stock is overbought. The coverage on the stock began on April 27 at $2.25 per share. [Buy]