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Sunday, March 04, 2007

Penny Stocks On The Move - HCTL, TAG

  • Healthcare Technologies Ltd. (HCTL): shares of the Israel based clinical diagnostic test kit maker gained 7% to $1.5 per share. The technical chart shows the possibility of new rally as K line is on top of D line again. Although there're weakness as MACD is below 0 and 50 day MA is falling, with stock now break above 50 day MA we may see more upside coming. [Accumulate]
  • Tag-It Pacific Inc. (TAG): coverage of the cloth zipper maker began last August at 71 cents per share. So far the stock has gained almost 200% and on Friday shares rose 6.9% to $2.02 per share. The technical chart shows the stock is in bull market with MACD on top of signal and K line on top of D line showing buy signal. In addition with 50 day moving average still on top over 200 day moving average we should see the stock keep going up. [Buy]

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