Watchlist For Thursday 3/17/2011

Uniontown Energy Inc. ( OTC: UTOG ) shares are rallying in today's trading. The penny stock reached a 52-week high of $1.20 in early trading, and at last check, it was trading 8.81% higher at $1.19, with volume at 394,938. Uniontown Energy shares have a 52-week range of $0.38-$1.20. The stock is currently trading above its 50-day and 200-day moving averages. Uniontown Energy shares are climbing in today's trading after the company announced that it entered into a definitive agreement under which it will acquire oil and gas property located in Montana. Uniontown Energy is engaged in the acquisition, development and production of oil and natural gas properties. Sirius XM Radio Inc. ( NASDAQ: SIRI ) shares are climbing in today's trading. The stock reached a high of $1.76 in early trading, and at last check, it was trading 1.27% higher at $1.75, with volume at 10.98 million. Sirius XM shares have a 52-week range of $0.79-$1.88. The stock is currently trading above its 50-day and 200-day moving averages. Year-to-date Sirius shares gained 7.66%. In the last one year the stock gained 96.22%. Sirius XM is a New York City-based satellite radio company, with over 20 million subscribers. China Tel Group Inc. ( PINK: CHTL ) shares are climbing in today's trading. The penny stock is currently trading 3.26% higher at $0.190, with volume at 278,907. China Tel Group shares have a 52-week range of $0.12-$0.88. Year-to-date the stock fell 29.1%. The stock is currently trading below its 50-day and 200-day moving averages. Earlier this week China Tel signed a contract with ZTE Corporation under which ZTE will supply ChinaTel with infrastructure equipment for the nine city wireless broadband network the company is deploying in Fujian province. ChinaTel is engaged in the acquisition of spectrum assets. The company also provides capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks. Disclosure: I currently have a position in CHTL and UTOG
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