USA Graphite USGT shares are trading in a narrow range on moderate volume this morning as investors step in to buy shares at a key support level.
The share price is being well-supported by the 7-day simple moving average ($0.746) while solid buying has reduced the intraday volatility we saw in yesterday's session.
Other technical indicators, including MACD, remain positive. Investors should be encouraged that there has been solid buying support for USGT ver the past few days. Momyemtum is building for another run at $1.00 over the near term.
USA Graphite management is aggressively expanding the company's graphite exploration properties in Nevada and is also considering a new property in Canada. This will ensure that the United States has secure supplies of graphite right here in North America to grow its high tech industries in the 21st century.
Don't miss out on this opportunity to buy USGT while it is still below $0.80.
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