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Wednesday, January 03, 2007

Penny Stock On The Move - CTCH, QEE

  • Commtouch Software Ltd. (CTCH): shares of Commtouch Software, an anti-spam software maker based in Israel, rose 5% to $1.26 per share. The technical chart shows very bullish signal with 50 day moving average crossed on top over 200 day moving average with MACD above 0 and K line rising above D line. This is a perfect time to buy. [Strong Buy]
  • Queenstake Resources Ltd. (QEE): shares of the gold mining company rose slightly to 20 cents per share. The current technical trend shows the stock is back to new rally with K line is on top over D line. However the stock is still weak as 50 day moving average is below 200 day moving average so not too much upside. [Accumulate]

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