USGT Rallies to New High on Record Volume
Fellow Investors,
USA Graphite (USGT) rallied to new highs today on record volume as investors, excited about the prospects for the acquisition of a Canadian graphite property, provided steady buying support throughout the day and momentum traders stepped in as buyers during the afternoon.
USGT closed at a new, record high of $0.92 on record volume of nearly 5.5 million shares. With today's very bullish price action, investors can set their sights on the $2.00 mark in the very near future.
When you get such positive price action shares begin to attract a lot of attention. Momentum traders and investors who believe in the graphite story are going to get excited about USGT. Today's non-stop momentum should continue at the open tomorrow and may well carry the share price through the $1.00 mark.
Once the share price breaks through $1.00, it will become visible to many more traders and investors who do not usually look at shares trading for under a buck. That means that there is a whole new set of investors who don't know the USGT story who will be attracted to the shares both for fundamentals and for the powerful momentum in the current uptrend. That could make it a very quick trip from $1.00 to $2.00. Don't miss out!
Today's rally, following news from USGT management on Friday after the close that the company is getting closer to choosing an acquisition target in Canada, puts a $2.00 share price firmly in the crosshairs.
This is just the beginning. News of new uses and applications for graphite and its derivative material, graphene, is seen almost daily. MIT is using graphene to replace expensive indium tin oxide semiconductors in solar cells. An article in ieee spectrum states that graphene could result in flexible, transparent solar cells that are very efficient at converting sunlight into electricity. This and other exciting technologies could push USGT to $2.00 in the short term and even higher over the longer term.
Please, don't kick yourself for having missed out on USGT below $1.00. The shares are gathering momentum on the way to $2.00. There may not be another opportunity to get into USGT below $1.00 unless you act now!
Happy Trading!
Disclaimer: http://i.imgur.com/CAgLJ.jpg
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