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Wednesday, May 02, 2007

Penny Stocks On The Move - BPUR, MDII, PLC

  • Biopure Corp. (BPUR): shares of Cambridge, MA based biotechnology company soared 20.76% to 58 cents per share. The technical chart shows the stock is ready for new rally as K line is now on top of D line. In addition with the stock breaking above 50 day moving average we may probably see more buyers coming. [Accumulate]
  • MDI Inc. (MDII): shares of the enterprise security software maker rose 6.56 to $1.95 per share after the company received orders to provide security solutions for three enterprise-level client including one Fortune 500 telecommunications provider. The technical chart is showing the stock could be back to bull market rally again as K line is about to be back above D line while MACD is still above 0 with stock also above 50 day and 200 day moving average. [Buy]
  • PLC System Inc. (PLC): shares of medical device maker gained 10.43% to 74 cents per share as the company is about to annouce earning on Thursday. The technical chart shows why the stock has been on the rise recently as K line is on top of D line with MACD above 0 since March. Now with stock above 200 day moving average this is a great sign that the stock could be back to bull market soon. [Buy]

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