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Thursday, December 21, 2006

Penny Stocks On The Move - ONT, OTD

  • On2 Technologies Inc. (ONT): shares of video codec software maker soared 25.8% to $1.17 per share. The technical chart shows very bullish sign as 50 day moving average has crossed on top over 200 day moving average late November to form Golden Cross. In addition with MACD back above 0 and KD rising, we should see the stock continue to go up. [Strong Buy]
  • O2Diesel Corp. (OTD): shares of O2Diesel, a Newark, Delaware based clean diesel fuel technology company surged 11.69% to 86 cents per share. The technical chart shows the stock has been on a rally with K line rising on top of D line and MACD back above 0 showing bull market. This is the time to start buying the stock. [Buy]

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