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Long URRE @ $3.39

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3

February 15, 2011 – Comments (0) | RELATED TICKERS: URRE

I jumped in this morning on URRE for a day-trade after it broke the neckline of the inverse head and shoulders pattern, and broke the downtrend that is currently in  place. My stop-loss is at $3.24. Right now I'm in the red on this position, but that won't bother me to much if this market can continue to move lower, since I have a slew of short positions in place. 

Here is my chart analysis on URRE.

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