Technical indicators have been showing growing strength of buyers of US Natural Gas Corp. (PINK:UNGS) stock.
This week, the company registered three consecutive bullish sessions of which the last one was very intensive.
Specifically speaking, yesterday the trading volume exploded to a total of 131 million shares. This is a record high value for the company and compared with the daily average it represents fourteen times higher trading activity.
The short volume for the day was below 50% with nearly 58 million shares traded in short transactions.
The share price of UNGS stock jumped up 90% to $0.0019. This way the stock rallied back 
up to one of its former resistances.
The 13-EMA turned positive on Friday last week foreshadowing the bullish potential for the coming week. However, the huge volume generated yesterday can hardly be explained with the technical set up of the stock alone.
Unfortunately, no press releases or reports have been issued by the company yesterday to alleviate the explanation of the stock explosion.
