Penny stock list for October 27, 2009.

Penny Stocks – AVVH BCND CBAI CMGR CXAC IDOI IGNT IOVE JEDM KEPI MOCN OWVI SPOF STWG VGPR XYNH

Attention to these penny stocks:

AVVH – I am not liking this, it’s again touching the MA200, it has also a possible support at .0044, the MA50 of the weekly chart, I hope it holds at this level, hold.

BCND – This POS has broken again the PAR SAR, it will trade sideways for a while, hold.

CBAI – This was just profit taking due to the bad market conditions yesterday, it will break the .0074 resistance soon, hold.

CMGR – Volume alert, with the doji and this volume, I think it will spike today, hold.

CXAC – Looks like it’s waiting for the MA50 and the PAR SAR, to make another run, it’s a sell at .0008.

IDOI – Made support at the MA200, it looks good, but, still not a buy, wait.

IGNT – As I predicted, the MA50 is the real resistance, and, the stock closed below it, it will need more time, hold.

IOVE – Well, looks like I will be obligated to buy this, it’s very strong, possible buy today, wait.

JEDM – It had news yesterday, that caused sell pressure, and, it denied the run, it is still above the MA50, hold.

KEPI – Made an hammer, this is a reversal candle, possible bounce today, hold.

MOCN – The black candle means nothing, the volume is very low, this is considered sideways trading, hold.

OWVI – I expect a breakout of the MA50 at .0024 today, hold.

SPOF – It denied the breakout, but, it’s a matter of time, I still believe it will break the .025 resistance soon, hold.

STWG – It closed below the MA50, but, the support at .10 is strong, it is being accumulated at this level, hold.

VGPR – It’s impossible to analyze this stock, T/A doesn’t work here, hold.

XYNH – I expect a spike at any moment, hold.

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Dr PennyStock

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