UTUC.OB : Utah Uranium Corp.

[wrangler]

UTUC : Heading for a possible breakout

Press Release Source: Utah Uranium Corp.

Utah Uranium Receives Final Permit, Drill and Crew Mobilized
Friday November 9, 3:05 am ET

MOAB, UT--(MARKET WIRE)--Nov 9, 2007 -- Utah Uranium Corp. (the "Company") (OTC BB:UTUC.OB - News) is pleased to announce that, having filed the requisite reclamation bond, the Company is now in receipt of final permits required for drilling the Company's Pinto property.

About the company

Utah Uranium Corporation is a Moab, Utah-based junior exploration and development company, focused on the acquisition of past producing underground uranium mines, highly prospective new Uranium projects and other energy interests. All of the mines currently in the acquisition pipeline are within economic haul distances of the White Mesa Uranium Vanadium Mill in Blanding, Utah owned by Dennison Mines. The white Mesa Uranium Mill is currently the only operating Uranium mill in the United States.

[wrangler]

Volume is picking back up seems to be setting up for another run,,it broke thru resistance but rebounded and stay below to end the day,,Follow the MOMO
I have no position,,and advise any to do your own DD if you decide to play any of these pennys I post,
Pennys are risky investments and you must grab them profits fast because they will fall just as fast as they go up. Never try to wait till the top is found because you will probably find yourself back on the bottom.
One rule to follow on a stock like SRSR another penny I posted this weekend and is having a great run is use the 50% rule to sell . I'll post another chart on SRSR thread explaning the 50% sell rule for a stock running like it's doing.

[wrangler]

UTUC : Didn't make it for a major breakout and would say this is probably resistance it will have to break to be considered a major breakout to test 1.70 resistance in the future. It is setting on 50 MA right now. Two possible outcome of this stock is it could bounce back up off 50 MA or continue down to test previous support of .70
I have no position

[wrangler]

Looks like a good entry point here with stop loss right below support .7
JMO : anyone who enters ,,enter based upon your own DD
All stocks I post is JMO