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« Crosshair Exploration and mining corporation: Overbought? | Main | Uranium Stocks: Stay with them »
Sunday
Nov122006

ESO URANIUM CORP: Take some money off the table

esologo1


ESO Uranium Corporation (ESO-V) has had a good run from $0.50 to $0.80 and back to $0.67. If you got in at around $0.50 then you have made a good profit in a very short time, so take it.

esologo5



One look at ESO’s chart speaks volumes about this stock:

1. It has tried to get above its own 200 DMA and failed
2. Since it peaked at $0.80 the volume has dropped off considerably
3. The technical indicators are heading south.
4. The stock is dropping while uranium advances.

At $0.60 you are sitting on a profit of around 40%, if we were investors we would take some of the money off the table right now. However we have not made an investment into ESO but have it on the Watch List, so we are emotionally unattached to this stock.

The decision is yours as always but the signs are not too good in our humble opinion.

12 November 2006

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