URRE is engaged in mining of Uranium ; their primary customers are utilities that use nuclear power.
After the Japanese earthquake, URRE took a big hit.
Since then, the daily 3C chart has been very strong. I don't think the world is just going to stop using nuclear power and this reaction to Japan might be creating an opportunity in URRE. This is a very strong daily chart.
Today URRE broke support, we see this a lot (false breaks) before a reversal.
The hourly chart is positive.
The 15 min chart is positive
And the 1 min chart on the break today is positive, suggesting the break of support may be under accumulation.
This is another stock that I would set an alert on, maybe price passing above $1.47-$1.48 might make for an interesting entry in URRE.
It's a low priced stock and thus speculative, but volume is pretty decent and its optionable.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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