This morning 9/04/2008 we are continuing yesterday’s POD and staying with URRE. It is already trading in the Pre-Market with over 250,000 shares traded and is up over 6% already.
TheSUBWAY’s Blog:
http://stock-promoter.thesubway.com/thesubway-clients/uranium...
The chart is continuing to look good to us and we will be adding to our position if URRE continues to be strong after the opening:
Yesterday saw a Monster Volume day for URRE with over 7 Million shares changing hands and closing up over 46%:
Our Daily Chart continues to show strength and we anticipate a very strong opening for URRE:
We are seeing continued Institutional Buying with our PHILS X2 coming into URRE which should send the stock even higher:
URRE has taken out Resistance at $2.91 in our PHILS X1 with the next restistance level at $6.98 and the next support level at $4.27- This indicates A LOT of potential upside for URRE:
Our 15 Minute Chart is showing a big move with the Stochastics in excellent position for an entry into URRE:
Finally our Weekly chart is starting to to signal a possible upward trend. We are putting our stop in just above yesterday’s close of $3.20 and will start to tighten this up if volume begins to dry up to lock in profits. There is also a lot of speculation that URRE is a prime take over target, which you can read about on Bloomberg.com:
http://www.bloomberg.com/apps/news?pid=20601103&sid=ajeLe...
TheSubway.com acknowledges and thanks the principles of www.philsgang.com site for their permission in allowing us the use and demonstration of the their Phil’s X-1 and Phil’s X-2 charting software.
Full disclosure: Long at time of writing - Disclosure of Conflicts of Interest
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