Penny Stocks On The Move - CAU, CGR, ISIG, LOUD

• Canyon Resources Corp. (CAU): despite a shortened trading day shares of the Golden, Colorado based gold mining company still managed to gain 8.91% or 9 cents to $1.1 per share. Since the June sell-off which hammered the stock from 52 weeks high of $1.44 to below $1 per share, the stock has been rising gradually as bargain hunters saw buying opportunity as ROC was at oversold level. In addition now that K line is on top of D line indicating new rally, more buyers should come. The stock is still weak as MACD is below 0 but should improve as the stock is now back above 50 day moving average. [Buy]
• Claude Resources Inc. (CGR): shares of the Saskatoon, Canada based gold, oil and gas company gained 7.87% to $1.37 per share. Since dropped near 200 day moving average of $1 in mid June the stock has been on a rally as K line is rising on top over D line with ROC climbing away from oversold level. The stock is now back to a bull market as MACD is back above 0 and the stock is back above 50 day and 200 day moving average. At this point more buyers should come in. [Strong Buy]
• Insignia Systems Inc. (ISIG): the Maple Grove, Minnesota based Insignia, an advertising service company continued its rally on Monday as shares gained another 12.17% or 28 cents to 52 weeks high of $2.58 per share. The stock is still in a very strong bull market as both 50 day and 200 day moving average are rising with MACD on top of signal line and KD at 80. However since ROC is at overbought level there is risk of correction. The coverage of the stock began in early June at $1.4 per share and the stock has since gained 84.29%. [Accumulate]
• Loudeye Corp. (LOUD): last week we gave the Seattle based B2B digital media services provider a Buy rating as the technical indicators show the stock has been in a rally. On Monday the stock surged 20% or 45 cents to $2.7 per share and is now getting closer to the 50 day moving average. So far KD still show buy signal as K line is still on top of D line. However since ROC is approaching overbought level and the stock is near 50 day moving average there is a chance that the rally may end soon when the stock touched 50 day MA. [Accumulate]