Wall Street Fundamentals Releases New In-Depth Stock Reports on CCJ, DNN, USU and URRE
Uranium stocks rallied Monday as shares of uranium supplier USEC Inc. unexpectedly soared as high as 161 percent. Analysts believe the rise was due to a combination of a short squeeze and recent victory for Prime Minister Shinzo Abe’s Liberal Democratic Party in Japan. Prime Minister Abe, whose party is considered to be pro-nuclear, is expected to restart the nuclear reactors that were shut down as a result of the Fukushima disaster in 2011.
Cameco Corporation (NYSE: CCJ)(TSX: CCO) shares traded in the range of $21.24 to $22.08 Monday before settling to close at $21.98, an increase of 3.53 percent. The stock appears to be facing some resistance at $22.25 with some support at the $21.87 and $21.43 levels. Shares of Cameco have fallen approximately 39.4 percent in 2013.
More information on Cameco and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CCJ
Denison Mines Corp. (NYSEMKT: DNN)(TSX: DML) shares traded in the range of $1.22 to $1.35 Monday before settling to close at $1.32, an increase of 5.60 percent. The stock appears to be facing some resistance at the $1.36 and $1.47 levels with some support at $1.30. Shares of Denison Mines have gained approximately 5.6 percent in 2013.
More information on Denison Mines and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DNN
USEC Inc. (NYSE: USU) shares traded in the range of $6.21 to $15.80 Monday before settling to close at $11.98, an increase of 98.02 percent. The stock appears to be facing some resistance at the $12.75 and $13.25 levels with some support at $11.62. Shares of USEC have fallen approximately 9.5 percent in 2013.
More information on USEC and access to the free equity report can be found at:
www.WallStreetFundamentals.com/USU
Uranium Resources, Inc. (NASDAQ: URRE) shares traded in the range of $2.61 to $3.21 Monday before settling to close at $3.20, an increase of 23.08 percent. The stock appears to be facing some resistance at $3.62 with some support at the $3.11 and $3.00 levels.
More information on Uranium Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/URRE
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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