There is a lot of momentum in the Uranium space and here are a few potential plays. The Global Uranium ETF (URA) broke out of an 8 week consolidation on Feb 1st on higher volume and then spent 2 days giving back very little on light volume. This is very bullish behavior by IBD standards. This list is by no means comprehensive and if you have a stock that is worth adding to the list please add it in the comments.
Here are some of my favorite uranium plays that trade on the American markets.
Here are some of my favorite uranium plays that trade on the Canadian markets. Be careful with some of the lower priced issues, but they do have a place in one’s portfolio.
Here is one potential stock that is about to breakout of this pennant formation, and should be on your watchlist.
Disclosure: I am long CCJ and could potentially enter any one of these positions that trade in the U.S. this week.
