2 Penny Stocks Lightened Up Trading Screens On Monday August 20th

Applied DNA Sciences Inc (OTC:APDN) gained by 31.58 percent to close at $0.14 in its last trading session. The traded volume stood at 17.37 million shares while on average its traded volume stands at 874,010 shares per day. Its market capitalization stood at $92.76 million.

The share price is trading at a relative strength index of 52 times which shows that the stock has considerable margin for capital gains. MACD shows mixed trend as the both the MACD line and trigger line are falling in the positive zone but MACD is below than the trigger line.

The share price maintains the beta value of 0.85 times which shows that the stock price is likely to move by 0.85 times against one point change in market index.

KMA Global Solutions International, Inc. (PINK:KMAG) jumped up 15.83 percent to close at $0.016 with traded volume of 13.21 million shares as compared to its average traded volume of 22.08 million shares per day.

Looking at its price history the share price traded between the prices ranges of $0.00 to $0.02 in last one year.

The company touched the day high of $0.016 and low of $0.013. KMAG’s total market capitalization arrived at $9.81 million.

The share price is trading at a relative strength index of 50 times which shows that the stock has considerable margin for capital gains. MACD shows mixed trend as the both the MACD line and trigger line are falling in the positive zone but MACD is below than the trigger line.

The share price happens to be highly volatile and is negatively correlated with market index as per its beta value of -3.24 times. This means that the stock is likely to react by -3.24 times against one point change in market index and will be moving in opposite direction of market index. Stocks with negative correlation have a high significance in hedging strategies.