Uranium Resources Inc forms bullish "Continuation Wedge" chart pattern

Alon USA Energy Inc (ALJ on NYSE) forms a bullish Head and Shoulders Bottom on 2008-08-22 at 10.89 USD; jumps 13% within 6 days. Biomarin Pharmaceutical Inc (BMRN on NASDAQ) forms a bullish Continuation Wedge on 2008-08-21 at 26.68 USD; jumps 13% within 9 days. Datascope Corp (DSCP on NASDAQ) forms a bullish Hammer on 2008-08-18 at 47.13 USD; jumps 12% within 16 days. First Midwest Bancorp Inc (FMBI on NASDAQ) forms a bullish Inverted Hammer on 2008-08-21 at 21.19 USD; jumps 14% within 13 days. Gafisa SA (GFA on NYSE) forms a bullish Outside Bar on 2008-08-27 at 28.56 USD; jumps 12% within 6 days. Janus Capital Group Inc (JNS on NYSE) forms a bullish Engulfing Line on 2008-08-26 at 25.21 USD; jumps 12% within 7 days. MBIA Inc (MBI on NYSE) exhibits a bullish Engulfing Line on 2008-08-25 at 10.83 USD; surges 50% within 5 days. NGAS Resources Inc (NGAS on NASDAQ) forms a bullish Continuation Wedge on 2008-08-20 at 5.64 USD; jumps 12% within 9 days. Noble International Ltd (NOBL on NASDAQ) forms a bullish Engulfing Line on 2008-08-25 at 5.72 USD; surges 26% within 9 days. Pacific Sunwear of California Inc (PSUN on NASDAQ) forms a bullish Exhaustion Bar on 2008-08-22 at 5.80 USD; jumps 17% within 12 days. Petrohawk Energy Corp (HK on NYSE) forms a bullish Continuation Wedge on 2008-08-20 at 32.01 USD; jumps 13% within 7 days. Silver Wheaton Corp (SLW on NYSE) forms a bullish Island Bottom on 2008-08-18 at 10.55 USD; jumps 14% within 3 days. Yingli Green Energy Holding Co Ltd (YGE on NYSE) forms a bullish Bottom Triangle on 2008-08-20 at 16.02 USD; jumps 12% within 10 days. Zumiez Inc (ZUMZ on NASDAQ) forms a bullish Bottom Triangle on 2008-08-27 at 14.30 USD; jumps 17% within 7 days.

New York, NY. A "Continuation Wedge (Bullish)" chart pattern formed on Uranium Resources Inc (URRE on NASDAQ). This bullish signal indicates that the stock price may rise from the close of 3.20 to the range of 9.25 - 10.75. The pattern formed over 174 days which is roughly the period of time in which the target price range may be achieved.

A Continuation Wedge (Bullish) is considered a bullish signal, indicating that the longer term uptrend may continue. Prices edge steadily lower in a converging pattern i.e. there are lower highs and lower lows. The Technical Event® occurs when prices break above the upper trendline, thereby confirming the pattern.

Recognia Alert Wire content is generated at market close by Recognia Inc. (www.recognia.com). Recognia has developed proprietary technology for chart pattern recognition and automated interpretation based on the standards of technical analysis. Recognia's system scans equities, indices and currencies on over 40 exchanges internationally and generates news alerts for those instruments that have formed one of more than 25 bullish or bearish patterns. For further information about Recognia technology and services click here.

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