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Gary Tanashian is proprietor of Actionable, hype-free technical, macro economic and sentiment analysis is provided in the premium newsletter Notes From the Rabbit Hole ( Complimentary analysis and commentary is available at the 'Biiwii Blog'... More
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  • URG Update from 10/12 -- NFTRH Promo ;-) 0 comments
    Oct 21, 2010 10:37 AM | about stocks: URG

    Most recent update sent to subscribers on October 12, after original highlight at .83:

    Good morning,

    I wanted to update the current status of uranium prospect, and current NFTRH holding UR-Energy (URG/URE.TO) per the attached chart.

    Note that the break above initial resistance (now support) targets 1.27 (measured).  If this level is registered, the stock will have, temporarily at least, exceeded the next resistance zone at 1.20.  Success there would load a measured target of 1.67.

    I highlight URG today because it was highlighted in NFTRH as a 'bottom feeder' play that looked good for buying in the .80's and traders may be thinking about exit points. 

    Thus far I have not sold any shares and frankly have not thought much about it yet as I like the chart, with its positive MACD, and I like the company as part of the NFTRH uranium group, assuming the global growth theme remains intact.  I had added some additional shares on another buying opportunity per an email update and maybe I will think about trimming at some point. 

    But again, you are you and I am me.  The stock is +34% from its introduction in NFTRH.  Swing traders, portfolio managers and investors all do what they do as suits their individual needs.



    Here is the URG chart as of today:

    Disclosure: Long URG at time of writing

    Stocks: URG
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