URRE Update

For those who are long URRE, it's made a decent move that has put it back in the green at double digit gains, but I'd seriously be thinking about a trailing stop. If we get a pullback that shows accumulation in to it, then it may be worth a look as a buy again, the character is finally shifting.

 This daily candle with the gap and what so far is a star will probably also have higher volume today, it's a pretty strong downside reversal signal if it looks like this at the close. That reversal has no target based on the candle.

As for trailing stops, I prefer the Trend Channel...

 The 60 min setting has held the entire move and keeps locking in gains, I definitely don't want a stop at $.50 or $.49 cents, it's too obvious, that makes it a bit difficult and more of a subjective decision.

The X-over Screen with the 10 and 22 bar averages with RSI and our custom indicator also looks good, you might choose either the 10 or 22 bar on a 60 min chart as a potential stop, perhaps a phased exit with a partial at the 10 bar and the rest at the 22, although I feel pretty certain there will be some sort of pullback or consolidation.

I'll probably just close the position here because of time, time I don't have to watch it intraday.