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Important Penny Stocks on the Move: (OTCQB: USGT) (PINKSHEETS: MJNA)


New York, NY -- (ReleaseWire) -- 01/04/2013 --USA Graphite Inc. (OTCQB: USGT), a U.S. exploration company engaged in the acquisition, exploration and development of world-class graphite properties in North America, is up sharply in mid-day trading today. At last check, USGT was trading 3.75% higher at $0.830 on volume of 957,016, which is well above the daily average volume of 776,297. USGT has gained more than 6% in the last three trading sessions.

USGT, in fact, has had an excellent run over the past couple of weeks. The stock has been gaining momentum after the company announced that its search for additional large tonnage high carbon content properties is proving to be very successful.

USGT today broke through $0.80 resistance level. This is a bullish signal. The stock could see further gains in the next few trading sessions.

Find out how this announcement could benefit USGT by getting the free full report here:

Medical Marijuana Inc. (PINKSHEETS: MJNA), a company engaged in the medical marijuana and industrial hemp markets, is down sharply in mid-day trading today. At last check, MJNA was trading 1.08% lower at $0.110 on volume of 4.30 million, which is below the daily average volume of 6.62 million. Despite the drop today, MJNA has gained nearly 9% in the last three trading sessions.

MJNA has traded in a tight range over the last one month. The stock has struggled to break through $0.12 resistance level. MJNA has strong support at around $0.10. Technical indicators for the stock are still giving bullish signals. A bullish trend will be established if MJNA breaks through $0.12 resistance level.

Find out where MJNA could be headed by getting the free full report here:

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