|Day's range||1.8500 - 1.8500|
Uranium Energy Corp (NYSE American: UEC) ("UEC" or the "Company") is pleased to announce that Scott Melbye, UEC's Executive Vice President, has been re-elected to serve another term as President of the Uranium Producers of America ("UPA").
Uranium Energy (UEC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Uranium Energy (UEC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.