Well, if you have read my recent posts here, I am very negative this stock. I just do not see any real upside. Your best case is earnings release shows good enough numbers to create a pop in the stock. However, I believe that there will be discussion of the imminent reverse split that is going to put much more downside pressure on this stock.
You are almost down 20%, so it is tough to sell now. Take a close look at the charts and see where there is downside resistance. We may be close now. You REALLY should talk to IR and find out what effect the RS will have related to convertible instruments and how they potentially will handle the possibility of serious dilution there.
You should not be in this stock. USU has not shown that they have any real hope moving forward without really hurting current equity AND current equity is already in major pain. URRE is a great play right now as they already did their RS and are in process of diluting shareholders via a rights offering letting shareholders of record buy additional shares at $2.55. After the capital raise of 13mm and no debt, URRE will have little risk going forward for at least another year plus. Look for URRE to bounce to $3.20 or maybe even to $3.50 area. With some positive news, URRE could actually get back to $4 or higher. BTW, URRE hit $2.81 today and may retest that area before the real bounce after the close of the rights offering in about three weeks.
USEC is primarily a news-driven stock rather than an earnings-driven stock. Even if they had good earnings, they are planning on shutting down their only production facility, so future earnings will be impacted and the ACP is still a lottery ticket. Then there's the threat of SILEX changing the game by becoming the new low cost leader if they ever get it working. That being said, USU is approaching its 52 week low of $0.47, which is a support level.
You can wait for the stock to pop on favorable news and get out at a higher price, or you can sell half now to reduce your exposure, or you can stay long and hope the ACP is succesful and SILEX fails. I'm neutral now but I like the risk-reward ratio if it pulls back a few pennies more.
The recent selloff happened when USEC fell below its 50 day moving average, a sell signal. This level now becomes a resistance level. Your near-term price target is $0.57.