Wednesday, March 28, 2007

USEC Corp (USU) Pullback (Short Term or Intermediate)??

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!!




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