Fellow Investors,
We can expect momentum traders to be buying USGT on Monday because it closed at a new high on big volume, surpassing the previous intraday high set on December 28. There is nothing on the chart to stop USGT from running to $1.00 or even higher so the momentum players should be all over USGT at Monday's open.
As we mentioned earlier, the uptrend in USGT has resumed, with Friday's price action showing higher highs and higher lows. The fact that the shares finished so strong means we could see a big run up on Monday!
After the close, USGT had more great acquisition news. This time it is about a graphite property in Canada. Canada supplied 19% of the natural graphite used in the United States, and USGT expects this to increase for 2012 and 2013.
The press release said that USGT is looking to acquire a graphite property on the West Coast of Canada in the same district where Eagle Graphite, one of only two natural flake graphite mines operating in North America has its mine.
The last time USGT had acquisition news we saw big gains in the stock price! With the momentum from Friday we could see even bigger gains from this exciting news!
USGT
looks ready for a major move at the open on Monday. As we mentioned above, momentum traders are likely to be jumping on today's new high on big volume. And investors who want to own what is widely expected to be the dominant natural flake graphite producer in the United States can be expected to be buyers after today's post-close news.
We think USGT can easily go past $2! So don't miss your chance to get USGT shares below $1.00. The shares won't be at this level for long!
Happy Trading!
Disclaimer: http://lookpic.com/O/i2/1719/O1vMJbO7.jpeg
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