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TMCNet:  Uranium Resources Down 8.1%, Shares Slide into the Red (URRE)

[December 28, 2012]

Uranium Resources Down 8.1%, Shares Slide into the Red (URRE)

Dec 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Uranium Resources (NASDAQ:URRE) is one of today's worst performing penny stocks, down 8.1% to $0.30 on 1.2x average daily volume. Thus far today, Uranium Resources has traded 656,000 shares, vs. average volume of 560,000 shares per day. The stock has underperformed the Dow (-8.2% to the Dow's -0.4%) and underperformed the S&P 500 (-8.2% to the S&P's -0.4%) during today's trading.
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Uranium Resources share prices have moved between a 52-week high of $3.60 and a 52-week low of $0.30 and are now trading 1% above that low price at $0.30 per share. The 200-day and 50-day moving averages have moved 1.6% lower and 1.82% lower over the past week, respectively.

Uranium Resources (NASDAQ:URRE) has potential upside of 229.9% based on a current price of $0.30 and analysts' consensus price target of $1.00. The stock should find initial resistance at its 50-day moving average (MA) of $0.37 and further resistance at its 200-day MA of $0.59.

Uranium Resources, Inc. acquires, explores, develops, and mines uranium properties using the in situ leach mining process. The Company sells uranium to electric utilities under long-term contracts.

SmarTrend recommended that its subscribers protect gains by selling shares of Uranium Resources on October 25th, 2012 by issuing a Downtrend alert when the shares were trading at $0.40. Since that call, shares of Uranium Resources have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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