Penny Stocks On The Move - PLC

• PLC System Inc. (PLC): shares of the Franklin, Massachusetts based medical device maker which we began coverage in mid March with Strong Buy rating surged 18% to 60 cents per share, going opposite way with most of other stocks. The technical chart is still showing weakness as MACD is below 0. However with K line back above D line and stock back above 50 day MA we may see some rally coming. [Accumulate]

Penny Stocks On The Move - ANO, CGR, HCTL, WAVX

• Anooraq Resources Corporation (ANO): shares of Vancouver, Canada based mineral properties holder in South Africa rose 8.94% to $1.34 per share. The technical chart shows the stock is in bull market with 50 day moving average on top over 200 day moving average. In addition, MACD and KD still show bullish sign as MACD is still above 0 and K line is still above D line. [Buy]

Penny Stocks On The Move - AAC, BPUR

• Ableauctions Inc. (AAC): shares of online auction hosting service provider surged 15.79% to 22 cents per share. The technical chart shows possibility of new rally as K line is on top of D line again with stock back above 50 day moving average. The stock overall is still weak as 50 day MA is still below 200 day MA but this may finally be the time for the stock to reverse its trend. [Buy]
• Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company rose 8.62% to 63 cents per share. Although the technical chart shows weakness as K line is below D line, with stock bouncing up after reaching 50 day moving average and MACD also rose back above 0 we should see the uptrend coming back. [Strong Buy]

Penny Stock On The Move - AGT, GTW

• Apollo Gold Corp. (AGT): shares of Greenwood Village, Colorado based gold mining company surged 10.44% to 74 cents per share. Two days ago we rated the stock buy and we are still maintaining the same rating as the technical chart stil shows very bullish sign as 50 day moving average is on top over 200 day moving average with MACD above 0 and K line above D line. [Buy]
• Gateway Inc. (GTW): shares of Irvine, CA based PC maker rose 8.16% to $2.12 per share as the company's desktops and notebooks rank frist in Customer Satisfaction in the corporate world. The technical chart shows possible rally with K line on top over D line. In addition with stock back above 50 day MA we should see more buyers coming back. [Strong Buy]

Penny Stocks On The Move - CYTR, INNO, ONT, TAG

• CytRx Corp. (CYTR): the coverage of the Los Angeles based biopharmaceutical company began on October 25 at $1.31 per share with accumualte rating. So far the stock has gained more than 250%. On Tuesday the stock surged 15.85% to $4.75 per share conituing the rally which begins earlier this year. The technical chart shows the stock is in a strong bull market with 50 day moving average on top over 200 day moving average and MACD is still above signal line. With K line still above D line the stock should continue to climb up. [Buy]
• On2 Technologies Inc. (ONT): shares of video codec software maker surged 7.26% to $1.33 per share. The technical chart shows very positive sign as the stock has bounce back up after dropping near 50 day moving average. Now that K line is on top of D line again the stock should enjoy a fresh new rally. [Strong Buy]
• Tag-It Pacific Inc. (TAG): coverage of the cloth zipper maker began at 71 cents per share. So far the stock has gained about 170% and today the stock rose 7.34% to $1.9 per share after the company opened its second international office in China. The technical chart shows the stock is in strong bull market as both 50 day and 200 day moving average are going up with MACD above signal. With K line also above D line we should see the stock keep going up. [Buy]
• Innovo Group Inc. (INNO): shares of Commerce, CA based clothing maker rose 7.86% to 96 cents per share. The technical chart shows new rallly is coming as K line is about to back above D line while the stock bounced back up after hitting 50 day moving average indicating buyers is back. [Strong Buy]

Penny Stocks On The Move - AGT, MCZ

• Apollo Gold Corp. (AGT): shares of Greenwood Village, Colorado based gold mining company rose 6.15% to 69 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 - a very bullish signal. In addition with MACD above 0 and K line above D lien we should see the stock continue to go up strong. [Buy]
• Mad Catz Interactive Inc. (MCZ): shares of San Diego based video game accessories maker rose 10.81% to 82 cents per share. The technical chart shows the stock is in bull market with 50 day moving average on top over 200 day moving average with K line on top over D line. With MACD back above 0 again the stock should continue to go up. [Buy]

Penny Stocks On The Move - CYTR, TAG

• CytRx Corp. (CYTR): the coverage of the Los Angeles based biopharmaceutical company began on October 25 at $1.31 per share with accumualte rating. So far the stock has gained more than 200%. On Thursday the stock surged 12.57% to $3.99 per share. The technical chart shows the stock is in a strong bull market with 50 day moving average on top over 200 day moving average and MACD is still above signal line. The stock has yet to show any sign that the rally may be over. [Buy]
• Tag-It Pacific Inc. (TAG): coverage of the cloth zipper maker began at 71 cents per share. So far the stock has gained about 150% and on Thursday the stock jumped 12.26% to $1.74 per share on no major news announcement. The technical chart shows the stock is in bull market as both 50 day and 200 day moving average are going up with MACD still above 0. With K line now back above D line we should see new rally coming. [Buy]

Penny Stocks On The Move - ADL, FCSE, NXXI

• ADL Inc.(ADL): shares of the cancer test maker rose for the fourth straight session with 10.8% gain to $3.38 per share as its subsidiary is planning to sell anticancer drug in China. The technical chart shows possible rally as K line has rose above D line. However since the stock overall is still weak as MACD is still below 0, wait and make sure the stock can break above 200 day moving average to start buying. [Hold]
• Focus Enhancements Inc. (FCSE): shares of Focus Enhancements, a video technology company rose 9.75% to $1.35 per share despite no major news announcement. The technial chart shows possible new rally as K line is back above D line. However the stock overall is still weak as it is still trading below 50 day moving average and MACD is still below 0 so this is not yet the time to buy the stock. Now that the stock is back at 50 day moving average do watch for possible selling pressure. [Hold]
• Nutrition 21 Inc. (NXXI): the chromium nutrition product maker gained 6% to $1.91 per share after the company reported rise in revenue for the second quarter. The technical chart shows this is the time for a new rally and K line is about to rose above D line again. In addition as the stock is still above both 50 day and 200 day moving average with MACD still above 0, we should expect the rally to start very soon. [Buy]

Penny Stocks On The Move - ADL, ATA, BSML, SIGA

• ADL Inc.(ADL): shares of the cancer test maker rose for the third straight session with another 12.96% gain to $3.05 per share as its subsidiary is planning to sell anticancer drug in China. The technical chart shows possible rally as K line has rose above D line. The stock overall is still weak as the stock is still trading below 50 day and 200 day moving average and MACD is still below 0. The current rally may at least take the stock to $3.5 per share. [Accumulate]
• Apogee Technology Inc. (ATA): shares of medical devices maker jumped 14.87% to $1.39 per share with no news announcement. The technical chart shows very bullish signal as 50 day moving average has just cross on top over 200 day moving average with MACD above 0 and KD still rising. This is a perfect time to buy the stock and we should see the stock going up for a while. [Strong Buy]
• BriteSmile Inc. (BSML): shares of Walnut Creek, CA based teeth whitening company surged 13.33% to $1.53 per share on no news announcement. The technical chart shows possible rally as K line is about to cross above D line. However since stock is still very weak with MACD below 0 and stock trading below 50 day and 200 day moving average, wait till K line rose back above D line to start buying. [Hold]
• SIGA Technologies Inc. (SIGA): shares of the New York based biological wafare defense product maker rose 8.21% to $4.48 per share. The technical chart shows the stock is in a bull market rally as 50 day moving average on top over 200 day moivng average begining of new rally with MACD above 0. With K line still above D line we should see the stock continue to rise. The stock was first covered in May with a "Strong Buy" rating. [Buy]

Penny Stocks On The Move - BPUR, CMGI, CYTR, MDII

• Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company rose 8.77% to 62 cents per share. The technical chart shows possible rally as K line is on top of D line and MACD is back above 0. In addition with the stock breaking above 50 day moving average we should see the stock hitting at least 90 cents per share. [Buy]
• CytRx Corp. (CYTR): the coverage of the Los Angeles based biopharmaceutical company began on October 25 at $1.31 per share with accumualte rating. On Tuesday the stock gained 7.7% to $3.19 per share. The technical chart shows the stock is in a strong bull market with 50 day moving average on top over 200 day moving average and MACD is above signal line. As K line back above D line we should see the stock keep going higher. [Strong Buy]
• MDI Inc. (MDII): shares of the enterprise security software maker rose 7.84% to 55 cents per share. The technical chart is showing positive sign as MACD has just rose back above 0 and the stock is also back above 50 day moving average. With K line still rising we should see the stock continue to rise. [Buy]

Penny Stocks On The Move - MDII, ONT, SMD

• MDI Inc. (MDII): shares of the enterprise security software maker jumped 15.9% to 51 cents per share. The technical chart is showing positive sign as MACD has just rose back above 0 and the stock is also back above 50 day moving average. With K line also rising on top over D line we may see the stock continue to go up towards at least 60 cents per share. [Buy]
• On2 Technologies Inc. (ONT): shares of video codec software maker surged 11.82% to $1.23 per share as the company will demostrate new product on mobile phones for playback of Adobe Flash video. The technical chart shows the stock is back to new rally as K line is back above D line with MACD still above 0 and 50 day moving average still above 200 day moving average. With stock bouncing off 50 day MA we should see the stock begin another rally again. [Strong Buy]

Penny Stock On The Move - CGR, CTCH, SMD

• Claude Resources Inc. (CGR): shares of the Saskatoon, Canada based gold, oil and gas company rose 5% to $1.44 per share. The technical chart shows the stock is in bull market rally with 50 day on top over 200 day moving average while MACD is back above 0 again. In addition as K line is still above D line we should see the stock keep climbing. [Strong Buy]
• Commtouch Software Ltd. (CTCH): shares of Commtouch Software, an anti-spam software maker based in Israel, rose 6% to $1.57 per share. The technical chart shows the stock is in bull market with 50 day moving average above 200 day moving average with MACD above 0 and KD at high level. The stock at this point should continue to go up. [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. During the recent rally the stock has gained as most as more than 200% before the pull back. As the stock rose 16.5% again to $1.06 yesterday it looks as if the rally is back again.On Tuesday the stock has gained 100% to $1.57 per share. The techncal chart shows possibility of new rally comikng as K line is above to be back above D line. The stock overall is still in bull market with MACD still above 0 and 50 day moving average still above 200 day moving average. [Strong Buy]

Penny Stock Pick - NEXM

The penny stock pick of the today is NexMed Inc. (NEXM), the East Windsor, NJ based drug maker. For the past three years the stock has been on a long slide from $5 per share all the way to as low as 47 cents per share. However recently we are seeing some positive momentum from the stock suggesting the stock may be on the come back.

Technical
The technical chart is showing positive sign as 50 day moving average has just crossed on top over 200 day moving average. In addition MACD is on top over signal line. This indicates the stock is back to bull market.

Insider
Both the insider and institutions are slightly bullish about the comapny as the directors have been acquiring the stock while the insititutions have bought 687,301 additional shares representing a 4% increase.

Financial
The year 2005 was very strong with revenue went seven fold compared to previous year. However based on the first three quarters of 2006 unless the company has strong fourth quarter otherwise 2006 may have less revenue. However net loss would drop as well.

Penny Stock Score (1~5) 5 is highest
1. Market Potential(Drug Maker): 4
2. Technical: 5
3. Insider: 4
4. Financial: 4
Recommendation: Strong Buy

Penny Stocks On The Move - CVM, MDII

• CEL-SCI Corp. (CVM): share of the Vienna, Virginia based bird flu vaccine enhancer maker surged 11.11% to 80 cents per share. The technical chart shows the stock may be back to bull market as MACD is back above 0 and K line is on top over D line. If the stock can be back above 200 day moving average we should see even more buyers back. [Accumulate]
• MDI Inc. (MDII): shares of the enterprise security software maker jumped 15.79% to 44 cents per share after the company announced appointment of new board member. The technical chart is showing positive sign as MACD has just rose back above 0 and the stock is also back above 50 day moving average. With K line on top over D line we may see the stock heading to at least 60 cents per share. [Buy]