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Hi stock pickers.
Are you tired of picking overvalued stocks, so look at this one.
Uranium Resources.
Three years (April 26)ago it had a bottom in the lower 2s and on April 23
1998 we had a test of that low.
In the mean time URIX has had a high of 17 40/64 in June 1996!
It now looks like a 5 wave decline is over and we should have at least an
ABC correction after the break out of a gigantic wedge yesterday as you can
see on the attached weekly chart.
Note though, that volume is not too impressing and the break out is late in
the wedge (The best breakouts are at 2/3 of the wedge).
You can find more info At Yahoo Finance. They have charts from 1992 and if
you want to know what you are buying before you are buying, if you are
buying, just clic "SEC Filings" at the chart site and you will get a 50
pages report on the company.
regards
stig
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