United States Oil and Gas Corp (fka USOG)

[The_Pro]

Chart assessment.

I just ran the MACD (moving average convergence/divergence) and the RSI (relative strength index) with Scottrade's advanced chart and got this analysis:

(from Scottrade)
MACD
USOG's MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below 0, which suggests that the underlying moving averages are bearish.
RSI
The RSI is currently at 34.01% which indicates that the stock is neither overbought nor oversold. Note the trend of the RSI to see if the internal strength of USOG is improving or weakening.

The last two weeks have been one of indecisiveness. A convergence really. This is a sign investors are waiting for news. That news will be 2010Q1 earnings and OTCBB listing. Acquisition? Humm!

The_Pro