URRE Chart Request...

We have several members in on the URRE long trade (which I also have in the model portfolio); it's a speculative trade, but one that can move quite a bit when it takes to it.

 The initial breakout above the $1.00 level pulled back and while the percentage move is large because it's a sub $1.00 stock, the actual pullback itself wasn't that bad looking, occurring on lighter volume.

 The 5 min chart shows URRE accumulating before the break through $1.00 and has stayed in line on the pullback which is better then being negative on the pullback.

 The daily chart still remains the impressive URRE chart and the reason it is in the Model Portfolio.

 As for my Trend Channel, the breakout >$1.00 ended the downtrend from the October trend down, it remains in a long area with a Trend Channel stop currently at $.88 on the close, however I see support around $.92 and that may be a better area for a stop, especially considering the next chart.

URRE has tracked well off the 50-bar 60 min moving average (simple) as you can see it has provided both support and resistance and currently support right at the $.92 level. So I continue to favor the $.92 level on the close. Feel free to contact me if you have questions about your own trade in URRE.