Uranerz Energy Corporation Analyst Coverage Continued: Technicals Point to a Breakout Issued by Small Cap IR
Mar 12, 2015, 07:00 ET
NEW YORK, March 12, 2015 /PRNewswire/ -- Analyst report issued by Small Cap IR. Uranerz Energy Corp. (NYSE: URZ) based in Casper, WY has recently announced a new mine manager at its Nichols Ranch property and has recently been a part of a merger with another uranium producer. Together the two companies are setting up to create the largest uranium producers based in the United States. This merger has created some obstacles for the company, but ironing out these wrinkles should be a short term catalyst to look forward to.
The share price has been trading laterally for the past couple of weeks creating a symmetrical triangle pattern. A catalyst should help push it above the resistance and trigger a breakout. Look for a push above this resistance on high volume.
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