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10 pts

Opinion on  Uranium Resources Inc. (URRE)
URRE is TheSUBWAY's Pick of the Day

Sep 03, 2008 02:31 PM GMT
Subway-lg
Return Risk
-1.60% MID
Associate

This morning we are getting into URRE.  The chart seems to indicate a possible bottom in the stock,  or it could just be a slowing in the downward trend over the recent months, but either way we are looking for some upward movement in URRE:

Volume is spiking this morning, which we like, especially when we see PHILS X2 turning blue, which is signaling institutional buying coming in:

The above two charts make URRE look even more attractive when we see the Stochastics in our chart with the %K (Red Line) crossing the %D (White Line), this typically signals an excellent entry point in a stock, when other technical indicators are present like we are discussing this morning:

Our 15 Minute Chart is relatively flat for the week and URRE is moving without news this morning, so we are going to have a tight stop following URRE:

Our Weekly Chart looks good, not great, but it is signaling a possible up trend, though it does not have momentum in the 15 Minute Chart:

Finally our PHILS X1 is showing support at $2.19 which URRE is well above and resistance at $2.54, which URRE is just under this morning.  With the increasing volume we are looking for URRE to push through resistance and find a new support level:

TheSubway.com site 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.


URRE:  This call was made on 09/03/08 @ $2.4996
Rating:   Positive   $2.4996 (09/03/08)
Closed:   09/04/2008 @ $3.4 (+36.02% in 23 hours)
Target:   in < two weeks


Comments (3)

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Angelina Rose   N/A     1 point   commented 1361 days ago reply

You are given good graphical representation about URRE. Thanks for giving such idea.

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Who voted on this idea?
Angelina Rose N/A 09/04/2008
joka86 33% 09/03/2008



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