USGT Breakout Continues
USA Graphite (USGT) is trading at a new high this morning as the breakout continues. After opening at $0.72, the shares have been trading between $0.73 and $0.74 on modest volume this morning.
Unlike yesterday, buying momentum has remained steady offering no opportunity for sellers to try pushing prices lower. In fact, yesterday's sellers were burned by the positive price action we saw throughout the day and that positive price action is continuing this morning. These shares are going higher. Are you in yet?
Daily Chart Remains Positive
USGT is still climbing having broken out of a wedge pattern that formed over the last two weeks. The shares have opened strong and are holding support above yesterday's close. The rally is being supported by the rising 7-day simple moving average ($0.657) and 20-day simple moving average ($0.601). Don't wait for USGT to hit $1.00. Get in now.
New Graphite Development from Japan
Japanese scientists have discovered that a magnetically levitated graphite disk can be moved in a controlled manner using light. The graphite disk can be moved in any direction using light and the scientists discovered that they could make the disk spin at up to 200 rpm when exposed to sunlight.
While this is still a laboratory phenomenon, magnetically levitated graphite could be used to create light-powered transportation systems or highly efficient devices that convert light directly into mechanical energy.
We have said that the 21st century will be made from graphite. Today's news from Japan is just another example of how important USGT's graphite resources are to America's future.
You have missed the opportunity to buy USGT below $0.70. Don't kick yourself for having failed to buy USGT below $1.00.
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