Penny Stocks On The Move - NXXI, OTD

• Nutrition 21 Inc. (NXXI): the chromium nutrition product maker today soared 17.86% to $1.65 per share although no news is announced. The technical chart shows possibility of new rally as K line is now on top over D line. If the stock can continue to go up to break above 50 day moving average, we should be able to see the stock heading higher. [Hold]
• O2Diesel Corp. (OTD): shares of O2Diesel, a Newark, Delaware based clean diesel fuel technology company rose 8.7% to 75 cents per share as Dutton Associates re-affirms $2.25 price target. Although KD show positive sign with K line rising on top of D line, this is not yet the time to buy as the stock is still weak as 50 day MA is still falling and the stock is sitll on downtrend. It's better to wait until the stock is back above to buy. [Hold]