US Gold (AMEX:UXG) stock forecast october 2011

US Gold (AMEX:UXG) stock forecast october 2011 : US Gold (AMEX:UXG) is one of today's best performing low-priced stocks, up 4.2% to $4.22 on 0.4x average daily volume.Thus far today, US Gold has traded 967,000 shares, vs. average volume of 2.7 million shares per day. The company traded 1.8 million shares yesterday.

Over the past year, US Gold has traded in a range of $3.23 to $9.87 and is now at $4.22, 31% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2.7%.

There is potential upside of 139.6% for shares of US Gold based on a current price of $4.22 and an average consensus analyst price target of $10.11. The stock should find initial resistance at its 50-day moving average (MA) of $5.49 and further resistance at its 200-day MA of $6.83.

US Gold Corporation explores for, develops, produces, and sells gold. The Company operates primarily in Nevada. source /www.fnno.com For the latest updates PRESS CTR + D or visit Stock Market news Today

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