Universal Detection Technology (OTC:UNDT) kept trading in a defined channel this months as well, though with at lower share price levels and much higher than normally trading volume. Today’s session should take place under the impact of a new stock promotion for UNDT. 
Yesterday, as usually since the beginning of the month, UNDT moved between $0,0001 and $0.0002 per share, and then closed the session without a change from the previous close. Trading volume was almost 116.6 million shares, or a few times larger than the daily average for the past 30 days.
If the latest press release from the company did not make UNDT share price jump above the $0,0002 resistance, then the new stock promotion from yesterday evening will try to move it today. By now we have received one promotional newsletter from a promoter and the compensation has been $25,000. The amount is relatively high and should have an impact on such a low-priced stock.
On Monday, UNDT announced it would develop a new radiation detection device under an agreement with Honeywell India (a unit of Honeywell International). That new radiation detector would collect radiation levels, for example from the surfaces of food or other objects, and would send the data via Bluethuth to a smartphone.
According to the PR, the device would be introduced on the market in the second quarter of next year. Since UNDT did not leave its typical trading pattern on that news, it is obvious that traders do not trust the company’s optimistic statements anymore. After the uninterrupted downtrend which UNDT follows since April, its market value has already slipped to under $1.4 million. The last 10-Q does not give a reason to argue against this low valuation.
