Institutional Buying Could Push Uranium Energy Corp. Higher

Seeking Alpha reports on the current uranium sector in the wake of the Japanese nuclear reactor turmoil in March.

The market news is quoted as saying:

It would be easy and logical to believe that the outlook for uranium stocks is going to be uninspiring for a long time to come, but when I look at the long-term charts of stocks like Cameco (CCJ), Dennison Mines (DNN), Uranerz Energy (URZ), Uranium Resources (URRE) and others, I see two things: These stocks are on long-term support levels and they appear to be making a stand and sketching out base formations. In other words, what the action in these stocks is suggesting is that the death of nuclear power may be greatly exaggerated.

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