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  #4 (permalink)  
Old 09-16-2008, 09:54 PM
pro_trader pro_trader is offline
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Join Date: Aug 2008
Posts: 141
Default looks to have bottomed---Time to buy!!!

Yesterday I reported that, despite a brutal sell-off in sharesof URHN, the stock managed to close near the high for the day and that the odds favored a bottom having been put in place.Today there was additional evidence that supported this belief. The stock closed today above yesterday's high on explosive volume. While still at oversold levels, the stochastics is now pointing higher and looks poised to be exiting the oversold levels shortly. Currently trading at $0.17, the stock could very easily retest its 200 day moving average near $0.30. Shares should be accumulated at these levels as they look to move higher in short order.
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