Although not in the mining or exploration end of the business USEC Inc. refers to itself as the leading supplier of enriched uranium fuel to commercial uranium plants (check their site at www.usec.com). As for the stock price action, well as the chart shows it has had its ups and downs. It does look like USU is into ma base building period and that further downside may not be in the cards, at least not much below its previous lows. The intermediate term indicators are still in the bearish camp but the signs are there of a strengthening in the momentum indicator. Over the past two months it has been showing greater strength than the price action itself. However, the momentum indicator still has a long way to go to get to the positive zone, and as you can see crossing its neutral line has been a clear signal of trend, up or down.
This is one to watch for better technicals but a bottom fisher might just take a chance and buy some if it should drop back to the $8.00-$8.25 area. That would be a low risk with a stop loss set at $7.75.
USEC Inc. will be added to my Uranium Indices during the week. What it will replace I haven’t decided yet.
This is one to watch for better technicals but a bottom fisher might just take a chance and buy some if it should drop back to the $8.00-$8.25 area. That would be a low risk with a stop loss set at $7.75.
USEC Inc. will be added to my Uranium Indices during the week. What it will replace I haven’t decided yet.
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