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]