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]
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