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Stock to Watch: USEC Down 7.7% (USU)
Jan 28, 2013 (SmarTrend(R) Spotlight via COMTEX) --
USEC (NYSE:USU) is one of today's worst performing penny stocks, down 7.7% to $0.60 on 1.3x average daily volume. USEC has traded 1.0 million shares thus far today, vs. average volume of 791,000 shares per day. The stock has underperformed the Dow (-7.7% to the Dow's -0.1%) and underperformed the S&P 500 (-7.7% to the S&P's -0.1%) during today's trading.
Over the past year, USEC has traded in a range of $0.47 to $1.93 and is now at $0.60, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 1.3%.
USEC Inc. is a global energy company that supplies low enriched uranium ("LEU") for commercial nuclear power plants. The Company, through its subsidiary, operates a uranium enrichment facility in Kentucky.
There is potential upside of 25.0% for shares of USEC based on a current price of $0.60 and an average consensus analyst price target of $0.75. The stock should hit resistance at its 200-day moving average (MA) of $0.73, as well as support at its 50-day MA of $0.57.
SmarTrend is tracking the current trend status for USEC and will alert subscribers who have USU in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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