Penny Stock Pick - NENG
Shares of Network Engine (NENG) rose for four straight days and was up for another 6% today to $1.59 per share. Its technical chart show some bullish signals as KD is now going up and the stock breaks above the 20 day moving average. The financial statement also show positive sign as the revenue has increased for four straight quarters and net income has also increased for during the same period. The insider transaction, another important number, shows bullish signal as well as the stock has ended the selling trend with purchase of 2500 shares at $1.41 per share in August, the first buy since March. A reverse trend may mean the bottoming and the stock so far is above the latest insider purchase price. Although the overall economy is still weak as unemployment rate remains high, with business spending begins to pickup company such as NENG which focus on business client would definitely be the company benefit from the recovery from the business side.