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Uranium Resources Downward Momentum Looks to Continue (URRE)

Written on Sat, 03/13/2010 - 12:01pm
By Chip Brian

SmarTrend identified a Downtrend for Uranium Resources (NASDAQ:URRE) on December 07, 2009 at $0.85. In approximately 3 months, Uranium Resources has returned 10.5% as of today's recent price of $0.76.
Uranium Resources is currently below its 200-day moving average of $1.02 and should find support at its 50-day moving average of $0.75. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Uranium Resources.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): URRE

Contact Chip Brian



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