Penny Stocks On The Move - CVM, HCTL, NXXI, SMD, TAG, VRA

• CEL-SCI Corp. (CVM): share of the Vienna, Virginia based drug maker jumped 18% to 70 cents per share as the company's Phase III study is expected to be approved by FDA. The technical chart shows the stock is now back to uptrend and with MACD now about to be back above 0 we may see more upside. Another good sign is that the stock has break thru 50 day moving average. [Buy]
• Healthcare Technologies Ltd. (HCTL): shares of the Israel based clinical diagnostic test kit maker gained 12.5% to $1.62 per share after the company signed agreement with NexGen Biofuel for the purchase of NexGen's assets. The technical chart shows the stock is back to bull market again as the stock is back above 50 day and 200 day moving average. In addition with KD rising and MACD almost back above 0 we should see more upside coming. [Strong Buy]
• Nutrition 21 Inc. (NXXI): the chromium nutrition product maker rose 9.2% to $1.9 per share. The technical chart now shows more positive sign as MACD is above 0 and K line is on top over D line. In addition with stock now back above both 50 day and 200 day moving average more buyers should come. [Buy]
• Singing Machine Co. Inc. (SMD): the coverage of the Coconut Creek, Florida based karaoke equipment maker began last July at 48 cents per share. At this moment the stock has gained almost 150% and the recent annoucement of new product has pushed the stock up for three straight trading sessions. The techncal chart shows the stock is currently in a very strong bull market as 50 day moving average is on top of 200 day moving average with MACD above 0 and KD around 80. Beware now that ROC is showing the stock is overbought so profit taking may come anytime. [Accumulate]
• Tag-It Pacific Inc. (TAG): coverage of the cloth zipper maker began last August at 71 cents per share. So far the stock has gained almost 100% and today shares rose 11.68% to $1.53 per share. The stock is in bull market with MACD on top of signal and K line on top of D line showing buy signal. In addition with 50 day moving avearge is on top over 200 day moving average we should see the stock keep going up. [Buy]
• Viragen Inc. (VRA): shares of Plantation, Florida based biopharmaeutical company rose 2 cents to 17 cents per share as the company's product OVA System is published in the leading scientific journal. The technical chart shows the stock is back to new rally as K line is on top of D line. However the stock is overall still weak as MACD is below 0 and stock is below 50 day and 200 day moving average. [Accumulate]