USEC Corporation looks like it wants to move lower. The only question at this point is if this is going to be a pullback before a final push higher or if this is a correction of the entire intermediate term move from 9 1/4.
I will let the stock tell me what it wants to do. I certainly cannot rule out another push towards 16 before it moves down sharply, it appears to me that the short term trend at least has shifted to down.
I have attached 2 charts that detail either scenario.
Good Luck!!
Wednesday, March 28, 2007
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