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Strateco Resources Inc SRSIF

Energy
Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.


GREY:SRSIF - Post by User

Strateco Resources Inc
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Post by Canonballon May 23, 2009 12:50pm
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Post# 16011452

RSC sitting right on the lower bollinger band

RSC sitting right on the lower bollinger bandOn further review...RSC @ .96 cents is sitting on the lower bollinger band and is over sold - so it could go either way back up or show further weakness - depends on the over all market conditions next week - as there is little news to stimulate a lot of interest...or price change at this time.

Added to this, the weekly chart is hitting the 40 day MA and the MACD is just above turning negative...so it's a hard one to call.  I may nibble back in next week on - I still like RSC longer term...any thoughts??? 



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