Penny Stock Pick - TGC

Tengasco Inc. (TGC) is a crazy little oil stock. Not long ago in April the stock was still trading at under 60 cents per share. However within two month the skyrocketting oil price draws speculator and send the stock up to today's new 52 weeks high of $2.99 per share. Considering oil is a hot industry now, this may be a stock worth looking at despite the recent run.

Technical
The technical chart shows the stock is now in a very strong upward momentum as both 50 day and 200 day moving averages are going up along with the stock. MACD and KD als shows the stock is currently in a bullish market.

Insider
There is no insider transaction this year. The insititions however are slightly negative about the company and sold 100,358 shares.

Financial
Very positive sign as both revenue and net income have been up steadily annually and in recent quarters. The balance sheet shows the company is a little short on cash but should be ok since it is generating net income.

Conclusion
Do anticipate correction in the short term. For the long term this is a stock ready to remove it's penny stock tag.

Penny Stock Score (1~5) 5 is highest
1. Industry (Oil): 5
2. Technical: 4
3. Insider: 2
4. Financial: 4
Recommendation: Buy