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Plunge in Uranium Energy’s Shares

INVESTORS SURRENDER THEIR SHARES OF URANIUM ENERGY, SHARES DROP 2.6% (UEC) Stock Market Research – Zacks Investment Research  Chip Brian Jun 13, 2011 (SmarTrend(R) Spotlight via COMTEX) — Uranium Energy (AMEX:UEC) is one of today’s worst performing low-priced stocks, down 2.6% to $2.94 on 0.3x average daily volume. Approximately 250,000 shares have traded hands today vs. 30-day average volume of 865,000 shares.

High volume often signals a change in trends. Shares of Uranium Energy are currently trading below their 50-day moving average (MA) of $3.43 and below their 200-day MA of $4.47……

Uranium Energy is in SmarTrend’s Industrial Metals & Minerals industry and this industry is currently in a Downtrend. An industry trend that matches the stock’s trend helps to add conviction to the stock’s Downtrend and price prediction.

SmarTrend currently has shares of Uranium Energy in an Downtrend and issued the Downtrend alert on March 10, 2011 at $4.89. The stock has fallen 38.3% since the Downtrend alert was issued.

Stock Market Research – Zacks Investment Research

June 14, 2011 - Posted by Christina Macpherson | Uranium