URHN Uranium Hunter Corp. - URHN

[pro_trader]

Shares of URHN closed near the highs for the day after a brutal two week sell-off that dropped shares from $0.50 to $0.14. These shares are deeply oversold and look ready for a bounce sny day now. Shares should be purchased to capitalize on that bounce.

Press Release Source: Uranium Hunter Corp.


Uranium Hunter Hires US Investor Relations Counsel
Monday September 15, 6:20 pm ET


TORONTO--(MARKET WIRE)--Sep 15, 2008 -- Uranium Hunter Corporation (OTC BB:URHN.OB - News) ("Uranium Hunter" or the "Company") is pleased to announce that it has hired Gary W. Reid as US investor relations counsel. Mr. Reid is based out of South Carolina and has many years of investor relations experience with Public companies. Mr. Reid assists companies with investor relations strategies by introducing them to the investment community at large and building and sustaining investor support.
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Ghaith Qamheiah, President of Uranium Hunter, commented, "We are confident that Gary will help the company reinforce Uranium Hunter's profile in the financial community and enhance the visibility of our project portfolio. Gary will assist the company with communicating to the investing public and create a broad following among key investment community audiences building investor awareness and shareholder value so that we may move forward with our business plans."

About The Company:

Uranium Hunter (OTC BB:URHN.OB - News) is a natural resource corporation devoted to the exploration and development of deposits of Uranium and Gold in East Africa. The company website can be found at Uranium Hunter Corp., Uranium Exploration Development, Natural Resource.

Uranium Hunter has entered into a Definitive Agreement with Trimark Explorations, Ltd ("Trimark"), on behalf of its wholly owned subsidiary Gambaro Resources, to earn up to a 100% interest in the Uranium-Au property located in Njombe and Songea Districts, Tanzania. Uranium Hunter has optioned 170 km 2 property in southern Tanzania covering sediments of the Karoo sequence which share common features with rocks of the Colorado Plateau in the western US that have become prolific producers of Uranium. Uranium Hunter has entered into another Definitive Agreement with NPK Resources Ltd. to earn a 75% interest in the Nkoko and Kagadi uranium properties which contain over 800 km2 located in Kibaale district, Uganda, called the "Kibaale Project."

The Ugandan government, World Bank, African Development Fund and the Nordic Development Fund has all co-sponsored a US $42 million high valued mineral centered aerial survey which began in January 2007. Results are expected shortly, and will aid in early exploration work on the properties.

[cupofjoe]

I will be watching to see if URHN will get that uptick

[Stock_Analyzer]

Nice call pro_trader.....nice rebound today up 20% and could see .23 range in the short term.

[pro_trader]

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.

[Technical_Indicator]

Agreed pro_trader, looks to be smooth sailing if this volume keeps up with no resistance until around .225 followed by .292

[Naamplao]

I have never seen so much excitement as I do here on a single uptick

Unless you are all daytraders here and watch this stock like a hawk there is little to be recommended in this stock as I see it.

Look at the sharpchart: URHN - SharpCharts from StockCharts.com

What jumps out is that the share price is dropping at an angle that rivals the final moments of the Titanic. The bollinger bands are wide open and where is the share price???....hugging the lower band....oh yeah...that's bullish

Certainly the RSI is in "Oversold" territory or should we say gutter. The TRIX is diving negative and the Accum/Dist is very negative and well below its 20 day MA. The share price 20dayMA has just negatively crossed the 50dayMA and the 200dayMA??? it is not even on the chart it is so high.

Here is the P&F chart for a long term look



Very Bullish here!!!......NOT!!!

The chart itself predicts $0.00 and by the looks of this chart it has the potential to make it. A support level, weak as it was, at $0.14 has been smashed today(at the time of writing on Sept 18). Where the next support comes from, who knows? Resistance levels are now back at $0.14 though this stock does jump a bit so I doubt that is firm. $0.18 is probably a better guess.

Here is the 5 day Linechart from Yahoo



Definitely a turn for the worse here. Before this stock turns around there has to be an end to this slide in price and that isn't a single uptick. Before it turns around there should be a lot of sideways movement.

Unless you are a day trader, watching this stock closely or perhaps a short seller doing the same, those who are for long or short term (more that a day or two), I would stay away from this stock for now. A better bet would be ODD or EVEN, RED or BLACK, even 0 or 00 gets you better odds at making money IMHO.