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]