Penny stock list for October 28, 2009.

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

Attention to these penny stocks:

AVVH – Possibly it will test the .0044 support, hold.

BCND – It’s trading sideways, hold.

CBAI – It has support at .0062, it will bounce today, hold.

CMGR – It denied the run, for now, but, I think it is still possible, hold.

CXAC – It will try to run again soon, it’s a sell at .0008.

GNPG – Great chart and news, possible buy today, wait.

IGNT – It has broken the PAR SAR, it will need more time, hold.

IOVE – I will not risk, the market is not good to buy anything, wait.

JEDM – It has broken the MA50, it has support at .075 – .07, it will bounce there, hold.

KEPI – It denied the run, hold.

MOCN – It’s trading sideways, hold.

OWVI – It’s trading sideways, hold.

SPOF – It’s trading sideways, hold.

STWG – It has broken the .10 support, due is due to the market conditions, it will recover, hold.

VGPR – It has broken two strong resistances, I do not risk to say what she will do today, I hope it continues to .07 at least, hold.

XYNH – This is the first signal, I think it will try again today to break both MA’s and close above them, hold.

Usually pennys stocks are not affected by the market, but, right now, the horrible market conditions affect also the penny stocks, because the people is afraid of trading, and sell just to be out of the market, this is affecting all these stocks above, that is the reason why some of them have broken the supports, they will recover with the market.

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Happy trading
Dr PennyStock

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