Today’s Pick is LTUM
Lithium Corporation
Good Morning Trader!
LTUM is an exploration company based in Nevada devoted to the discovery and development of new, clean energy sources—most notably, Lithium.
Electric
cars, laptops, PDA’s, cell phones, digital cameras, consumer
electronics and all the latest electronic gadgets run off of Lithium Ion Batteries (Li-On).
NO
other battery currently available offers what Li-On batteries can to
the masses: Low weight, high capacity, fast recharge times and long
life.
And, demand for it is growing as more and more technology depends on it.
And of course, as the demand for lithium increases exponentially, today’s stock pick, LTUM, is right there at the forefront!
As always…
Let’s Start With the Chart:
· As you can see, the chart is showing that LTUM is trading almost 25% off its recent high.
· LTUM
appears to have found a base around the $1.10 level, and is climbing
fast from that point. Will that be the support level for the next move
up? …Could be!
· The MACD’s bullish signal was losing strength, but now appears to be strengthening.
· The Stochastics are emerging out of an oversold condition. Does it have room to run? …Could be!
· Upside volume days have dominated over the past week or two.
LTUM is a Company Ready to Pop!
Here’s an excerpt from Commodity Online in their September 13th, 2009 article titled:
"Why Warren Buffet is Investing in Lithium"
The article states authoritatively that, "Future
growth estimates vary wildly—anywhere from 20- to 40-fold increase by
2020—driven largely by car battery demand. The U.S. Geological Survey
expects demand for lithium-ion batteries to increase 15-fold from 2006
to 2012."
And you can bet your bottom dollar that LTUM will be happy to supply ALL of that Lithium.
LTUM
has acquired and continues to explore and develop lithium properties in
its home state of Nevada, as well as other lithium rich areas in the
continental United States.
At last count, LTUM is currently digging in 5 Lithium-rich locations.
· Cortez – a 4,960 acre parcel
· Fish Creek Caldera – a 2,340 acre parcel
· Fish Lake Valley – a 6,400 acre parcel
· Salt Wells – a 12,320 acre parcel
· West Big Smoky – a 2,720 acre parcel
All of these properties have "strong lithium content" according to geologic estimates.
Read a full description of these properties by clicking on this link.
Now Read this—it’s HUGE!
A stock news company, AXcess News, reported that LTUM
has acquired property in several areas considered hotbeds for lithium
exploration, three of which are west of Clayton Valley, where Chemetall
Silver Peak operates the only lithium carbonate brine production plant in the entire US!
LTUM says samples indicate lithium sediments in these properties are DOUBLE what they found at Silver Peak.
Read the full article by clicking here
Auto Makers are Driving the Lithium BOOM!
With practically every automaker in the world planning electric cars, Lithium is one very valuable and pricey commodity!
LTUM states that the price of lithium (which is not widely published) reached about $6,600 a ton in August 2009. That compares with about $2,500 a ton at the beginning of the decade.
Public Broadcasting states: “The price of lithium has increased eightfold in the last six years.”
And LTUM believes lithium pricing will continue to increase dramatically as demand rises.
LTUM could be a fast mover today! Do your due diligence and get ready to trade.
Hope to see you in the money
- Penny Stocks Finder
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