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]
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