Monday, October 01, 2007

Collective2: UXG out

The market breakout has turned negative on gold stocks. The stock was entered on the premise of a bounce off the 50-day MA to go test (and break) $7.00 resistance. U.S. Gold (UXG) cut below $6.25 support and its 50-day MA, to run into its stop and close the 1,300 share position for a -$403 loss (-4.92%).