GREY:SXRZF - Post by User
Comment by
PUNJABIon Sep 12, 2012 12:27pm
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Post# 20352643
RE: 15 cents swing and going down...
RE: 15 cents swing and going down... TMX had turned red when UUU started to drop. I would say the main pressure on UUU is coming from the CCO which is tanking was down to $21.11 down $.53
Yesterday & two days before yesterday Sept 9 there was a large buyer which generated some volume & pushed the stock in the upper channel & bounce against the 200 ma twice.
There seems to be weakness in CCO which could be related to the weakness in U308 prices. U308 instead of creating a double bottom at $49 has broken below that support & is now trading at $48.
Commodity price will have direct impact on U stocks if U308 prices trade a dive. If the prices stabilize in the present range then U stock will react more to overall markets.