Penny Stocks On The Move - MDII
- MDI Inc. (MDII): shares of the enterprise security software maker soared for the second straight day to $1.01 per share. The stock so far has gained almost 50% in just two days. Today's surge is fueled by the announcement that the company has received $25.3 million initial order to deliver security package including video surveillance to multiple school districts in the Southeast. Now as 50 day moving average is getting closer to go above 200 day moving average the stock should draw more interest as the major rally is coming. In addition with MACD above signal line and KD line at high level the stock do have the potential to have huge breakout. The short turn surge may result in some profit taking yet any time the stock drop it should be great buying opportunity. [Buy]
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