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Penny Stocks Decliners Traders Should Know About: (OTCQB: USGT), (PINKSHEETS: ONVO)


New York, NY -- (ReleaseWire) -- 01/03/2013 --USA Graphite Inc. (OTCQB: USGT) traded in the range of $0.70 and $0.80 during its latest trading session. The stock had opened at $0.79 and closed at $0.77, down 1.28 percent from its previous close of $0.78 with heavy volume. USA Graphite recorded the volume of 1.55 million shares. Its average daily trading volume stands at 337k shares.

The stock price is trading above its short term moving average price of $0.74. The stock is likely to remain bullish in short term time frame and it may find its first resistance level at $0.79. USA Graphite is based out of Las Vegas in Nevada.

Find out if USGT could bounce back by getting the free full report here:

Organovo Holdings Inc. (PINKSHEETS: ONVO) stock closed its latest trading session at $2.36, down 9.23 percent from its previous close of $2.60, with high volumes. Its latest trading volume has been recorded at 705k shares, in contrast to the average daily trading volume of 356k shares. The stock opened the session at $2.68 and touched its highest price point at $2.75.

Organovo Holdings stock’s lowest price point for the session stood at $2.36. The stock’s MACD chart shows neutral trend and the stock may test its first support level at $2.19. Organovo Holdings deals in 3D bioprinting technology.

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

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Michael Baine