USGT Rallies on News
Fellow Investors,
Shares of USA Graphite (USGT) rallied in early trading in response to news after the close on Monday that the company has signed a letter of intent to acquire a third graphite property in Nevada. Today's rally takes place following two consecutive hammer formations on the daily chart, a strong indication that the recent down trend has run its course and that the rally has resumed.
USGT was hit with an aggressive short attack last week but, as we expected, the shorts have run out of steam and have backed away from the shares. The price opened up on the day and has continued to rally during the first hour of trading on moderate volume. After rising during the first few minutes of trading, the share price has hovered between $0.71 and $0.72 for most of the morning.
With yesterday's positive news and a great chart, USGT is starting the next leg of the rally through $1.00 to $2.00 and beyond. Don't let this opportunity to get USGT at these bargain prices pass you by. Act now before the rally gathers even more momentum. Don't miss out!
Happy Trading!
Disclaimer: http://lookpic.com/O/i2/1609/GAprKMtb.jpeg
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