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Penny Stock Chaser Announces Investment Opinion on PNX, DLX, MI, BPUR, RAMS

 

Saturday, Jul 11,2009, 11:22:04 AM   Click:

NEWARK, Del.--(BUSINESS WIRE)-- In the final hour of trading Thurday, US stocks seemed trading to the upside as Dow Jones Industrial Average climbed 4 points to 8182, S&P 500 gained 2 points to 881 and The Nasdaq Composite rose 6 points to 1753.

Every trading day our team at Penny Stock Chaser looks through thousands of stocks to identify those that are poised and ready to move up. Penny Stock Chaser presents last hour movers: Phoenix Companies Inc. (NYSE:PNX), Deluxe Corp. (NYSE:DLX), Marshall & IIsley Corp. (NYSE:MI), Biopure Corp. (BPUR) and Aries Maritime Transport ltd. (NASDAQ:RAMS).

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The following stocks are expected to go higher:

Phoenix Companies Inc. (NYSE:PNX) shares climbed 19% to $1.58 on no new. PNX Technical Analysis shows a support at $0.55 and resistance at $1.53, $2.22. The Company provides life insurance, annuity and investment products through a variety of third-party financial professionals and intermediaries. Its operations are conducted through subsidiaries, mainly Phoenix Life Insurance Company and PHL Variable Insurance Company.

Deluxe Corp. (NYSE:DLX) was up 13% trading at $14.18. The Company recently announced two moves by its Hostopia unit to help expand Deluxe's Web services customer base - a definitive agreement to purchase certain of the shared web services customer assets of Aplus.net and the completed purchase of the search engine marketing (SEM) firm MerchEngines.

Marshall & IIsley Corp. (NYSE:MI) moved up 7% to $4.50. Marshall & Ilsley Corporation is a registered bank holding company under the Bank Holding Company Act of 1956 and is certified as a financial holding company under the Gramm-Leach-Bliley Act. Generally, M&I organizes its business segments based on legal entities. Each entity offers a variety of products and services to meet the needs of its customers and the particular market served.


Biopure Corp. (NASDAQ:BPUR) jumped 45% trading at $0.16. Although, the Company recently has received notice from The Nasdaq Stock Market that it is our of compliance with the Nasdaq Market Rules and its common stock may be delisted, BPUR shares still surged 45% today. The Company develops pharmaceuticals, called oxygen therapeutics, that are intravenously administered to deliver oxygen to the body's tissues. The Company has two oxygen therapeutic products, Hemopure for human use and Oxyglobin for veterinary use, which is similar except for their molecular size.

Aries Maritime Transport Ltd (NASDAQ:RAMS) surged 21% to $0.80. Aries Maritime Transport is an international shipping company that owns products tankers and container vessels. Its fleet currently consists of seven products tankers and three container vessels.

Recently the Company filed its annual report on Form 20-F for the year ended December 31, 2008. The Form 20-F contains an explanatory paragraph which notes that there are specific factors which raise substantial doubt about the Company's ability to continue as a going concern. In addition, Aries Maritime is currently in negotiations with its lenders to obtain waivers for certain financial covenants. The Company has plans in place to improve the performance and financial strength of the Company.

About PennyStockChaser.com

PennyStockChaser.com is an independent electronic publication that provides information on selected publicly traded companies. PennyStockChaser.com is not a registered investment advisor or broker-dealer. PennyStockChaser.com's affiliates, officers,directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.

Michael Scott Jacobs, CFA, of PennyStockChaser.c om is a member of the National Association of Securities Dealers, CRD number 1818665.





PennyStockChaser.com

Mike Schonberg, 1-866-469-8524

Email:editorial@pennystockchaser.com

http://www.pennystockchaser.com/

Source: PennyStockChaser.com

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