Penny Stock Pick - BCON

The penny stock on the spotlight today is Beacon Power
Corp.(BCON), a energy storage technology comapny. The penny stock captures attention of many penny stock players and has been doing well for the past two months. After gaining compliance with Nasdaq the stock rose even higher and may very well starts a strong rally.

Technical
The technical chart shows positive sign as the stock has been above 50 day moving average since mid June and has formed golden cross earlier in mid July. Golden cross is when 50 day MA cross on top over 200 MA and is a very bullish buy signal. In addition MACD also shows bullish sign as it has been above 0 since early June. However the stock was a bit too hot so do be cautious as the trading would be vary volatile recently.

Insider
The insiders have been very bullilsh about the stock with very heavy buying in early July with total of almost 2 million shares. The institutions in addition are very buillish and also bought 716,603 additional shares adding another 10% to their holdings.

Financial
The income statement shows weakness as revenue dropped while net loss rose. To make sure the cash was enough the company sold tons of stocks in the latest quarter which is also some how a negative sign.


The insider activities and the technical chart shows this is a reasonable stock to buy. Although do be cautious as the stock has just fall from the recent high so finding a good entry point is key.
Penny Stock Score (1~5) 5 is highest
1. Industry(Energy): 4
2. Technical: 3.5
3. Insider: 5
4. Financial: 2
Recommendation: Buy

Penny Stock Pick - IVAN

The penny stock on the spotlight today is Ivanhoe Energy Inc.(IVAN), a heavy oil development and production company. The company recently has been promoting its heavy oil upgrading process(HTL). The HTL technical which been successfully tested earlier in late June would be a key in developing business activities. All these exciting move has brought the stock to above $2 per share and is now trading at $2.12.

Technical
The technical chart shows very positive sign as the stock is now trading above 50 day moving average and has formed golden cross earlier in June. Golden cross is when 50 day MA cross on top over 200 MA and is a very bullish buy signal. Another bullish sign includes MACD which has just rose above 0.

Financial
The revenue has been on the rise from 2004 to 2006. Although revenu has dropped for the recent two quarters, the increase in research and development is a good sign showing the company is on track for more serious business activities. The cash hungry company sold quite a bit of shares in 2006 but for the last three quarters there has been almost no selling of the stock.


The recent actitivies, the financials and the technical chart shows this is a great stock to buy.
Penny Stock Score (1~5) 5 is highest
1. Technical: 5
2. News: 4
3. Financial: 3.5
Recommendation: Buy