Hot Stock Of The Day - DIET

Share of internet based diet program provider eDiet.com(DIET) surged for second straight day with another 21% gain to 65 cents per share following a private placement.  The stock is traded at a very heavy volume of 2.23 million shares, about 10 times more than average volume.  The technical chart indicates bullish signal as the stock is traded above both 20 day and 50 day moving average with rising KD.