Lithium Stocks Continue to Soar

The lithium sector continues to heat up with the Global X Lithium exchange-traded fund LIT rising another 2% today and breaking above a key resistance level ($22):

 

LIT (Daily)

LIT_Daily_4.13.2016

LIT has total assets of less than $50 million and as we pointed out last week even a modest investment inflow from hedge funds would cause a major rise in the relatively small publicly traded lithium stock universe.

Lithium X (LIX.V) hit a new all-time high today on heavy volume:

 

LIX.V (Daily)

 

LIX.V_Daily_4.13.2016

LIX continues to follow a textbook bullish pattern of large rises on heavy volume followed by periods of consolidation/pullback on lighter volume.

 

International Lithium (ILC.V) is a smaller (micro-cap) Venture listed lithium stock that has experienced a huge influx of buying volume in the last week:

 

ILC.V (Daily)

ILC.V

Lithium continues to look like it’s a sector that investors cannot afford to ignore in 2016.

 

Read also: This Sector Could Be The Investment Story of 2016

 

 

Disclaimer

The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Do your own due diligence and consult a licensed investment advisor prior to making investment decisions.