Smart Stock On The Move - NGEN, GNBT

Nanotechnology Stock:

• Nanogen Inc. (NGEN): shares of nanotechnology company for the biotech sector soared 14.68% or 37 cents to $2.89 as Fisher Scientific International Inc. (FSH) agreed to purchase $5.7 million shares of Nanogen for $2.65 per share worth $15.1 million. The surge today pushed the stock price back to the 50 day moving average and could possiblely be facing some selling pressure as MACD still showing weakness. However, K line has rose on top of D line meaning the stock should be on a bounce-back rally. The stock is now back near the coverage price of $2.91 on December 1 of last year.

Bird Flu Stock:

• Generex Biotechnology Corp. (GNBT): shares of potential bird flu vaccine maker surged 9.62% or 23 cents to $2.62 per share as the company received patent in Mexico that improves delivery system for the administration of large-molecule pharmaceuticlas. The stock has been showing strength since the beginning of this year as the stock has been trading above both 50 day and 200 day moving average with MACD above 0 for most of this year indicating bull market. Since coverage began on March 1 at $2.31 per share, the stock has gained 13.42%.