Does this stock have more gas in the tank ⛽

Editor’s note: Hey there, just wanted to pass another morning update from Jeff today – check out what he is looking at right now! --------------------------------------------------------------- *Sponsored by Lifewater Media. Please see disclosures below Yesterday was a great example of why identifying strong trends like we have been seeing with gold prices, and then identifying great stocks in that sector to look at can outperform the market. Notice as the market was down yesterday, USAU actually rode the trend higher, along with a few other small-cap gold stocks. As I pointed out yesterday, the early morning shakeout didn’t last very long for the Junior Miner ETF as it reversed all of the losses from the gap down, and actually ended the day in the green. With another red market day looming, I think it is an excellent opportunity to examine stocks in the gold sector, starting with USAU. I fully expect that gold will reclaim the all-important $2000/oz level soon, and that will likely lead to a further rally in gold stocks. I am really pleased to see [my latest stock idea]( with USAU already off to a good start, up over 7% on just the very first day.  We could be on the cusp of something very big with the sector overall, and USAU is a great idea to keep on your trading radar. Just to recap a few of the thoughts I shared with you yesterday regarding USAU… Everyone knows that we are seeing headlines like this everywhere: And this.. (1) The title of this article below nearly says it all – “USAU is a highly leveraged bet on soaring gold prices.” (3) I think the recent price action is perfect. This is exactly what I would look for in a stock that is in a hot sector and building interest… I also pointed out the strong position the company is in right now with a sizeable amount of cash on the books for a tiny market-cap stock and over $2 of book value for a company only trading for around $4 right now. I really like the graphic that Seeking Alpha has. It is a great snapshot on USAU that shows the analyst coverage, ratings, and price targets out there right now… “Strong Buy” ratings are always good to see, but notice those price targets in particular. The average target has an implied upside 286% higher than current levels. USAU has a “feasibility study” that was completed (again, I really encourage you to look at the [corporate presentation]( and see for yourself). A big thing that stands out to me is the projected “internal rate of return” and the “payback years.” Look at how quickly those numbers grow as the price of gold increases. Their own projections only have $1825 as the “optimistic case” in the chart above.  Well, guess what? Gold is near $2000 right now and seems to be climbing each week that goes by. I can only imagine how impressive these numbers will be if gold holds at current levels (or better?)! In the short term, I always think it is important to look at how the indicators stack up. From Barchart, you can see nearly all “buys” when it comes to the oscillators and moving averages. A site I really like to get information from when it comes to looking backward at previous trends and what happened afterward is Tickeron.(7) They have some great stats when it comes to how trends played out for USAU in the past…. --------------------------------------------------------------- Bullish Trend Analysis The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where USAU's RSI Oscillator exited the oversold zone, 26 of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend 81%. The Moving Average Convergence Divergence (MACD) for USAU just turned positive on March 13, 2023. Looking at past instances where USAU's MACD turned positive, the stock continued to rise in 34 of 46 cases over the following month. The odds of a continued upward trend 74%. Following a +2.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where USAU advanced for three days, in 201 of 245 cases, the price rose further within the following month. The odds of a continued upward trend 82%. --------------------------------------------------------------- Ok, I understand that past trends are necessarily going to repeat themselves, but I still like to know what happened and what my odds look like now. These stats above are very encouraging, I think you’ll agree?  Overall, I think USAU is an excellent opportunity to look into right now. If you are like me and think that the bullish trend in gold is here to stay (at least for the short term), then USAU is a stock you should spend some time getting to know. Take some time and learn more about what’s going on by [reading this summary](. It’s only trading for around $4 a share (right now, at least), has a tiny little market cap, a fantastic price chart, and I think it has a great-looking balance sheet. USAU has a strong management team that has proven to know what they are doing. Did I mention that USAU recently sold its interest in one of their projects to Barrick and Newmont (yes, 2 of the biggest gold companies in the world!) The fact that major miners wanted to buy rights that USAU already owned should tell you that they know a thing or two about the mining industry! Anyways, as always, you need to do your own homework and see if this is a good opportunity for you. I would suggest you get started by visiting the USAU [website]( and see for yourself what all of the opportunities are, as well as the risks. There are always risks to trading, of course. It’s up to you to decide if you think the risks outweigh the potential rewards for every trade you make. Good luck out there trading today! [Image] [Facebook]( [Twitter]( [LinkedIn]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.](   © Copyright 2022, RagingBull  DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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