With the uranium Index looking like it is just at the very start of a move I thought it was time to look in on a few individual stocks that might be moving or about to. To get them posted tonight my commentary against each will be brief. In the end you are advised to check with your broker or investment advisor before acting on any of these stocks.
On Wednesday evening I will be posting my daily Table of technical information and ratings so check it out to see how the stocks are doing after Wednesday’s action. As the trend is very early in its reversal anything can still happen, including reversal back to the down side. You might want to use the short term information for a stop loss point.
ALTIUS MINERALS CORP. (T-ALS)
Looks like the best of the bunch from a technical perspective. The short term rating is POS (BULLISH) while the intermediate term is very close to POS. The price is above the moving average but the moving average is still slightly negative. Another positive price day and it should turn. The momentum is gung-ho and well inside its positive zone, above its positive trigger line. One negative is the volume action. We need it to perk up.
FIRST URANIUM CORP. (T-FIU)
The short term rating is POS with the price well above a positive moving average line and a momentum inside its positive zone. On the intermediate term things are not quite there yet. The price has closed above the moving average line but the line is still in a downward slope. The momentum indicator is moving higher rapidly and is above its positive trigger line but still in the negative zone. Maybe things will improve in the Wednesday table. The volume indicator has started to perk up but is still not too active.
URANERZ ENERGY CORP. (A-URZ)
Uranerz seems to be on the move and is already POS for both the short and intermediate term. It has finally broken its long down trend line but has done so at the very extreme of its wedge pattern. Although this downward sloping wedge is a bullish pattern, waiting to break so close to its final apex point is sometimes a sign of weakness. For now URZ is more of a good gamble but one that needs to be watch carefully.
On Wednesday evening I will be posting my daily Table of technical information and ratings so check it out to see how the stocks are doing after Wednesday’s action. As the trend is very early in its reversal anything can still happen, including reversal back to the down side. You might want to use the short term information for a stop loss point.
ALTIUS MINERALS CORP. (T-ALS)
Looks like the best of the bunch from a technical perspective. The short term rating is POS (BULLISH) while the intermediate term is very close to POS. The price is above the moving average but the moving average is still slightly negative. Another positive price day and it should turn. The momentum is gung-ho and well inside its positive zone, above its positive trigger line. One negative is the volume action. We need it to perk up.
FIRST URANIUM CORP. (T-FIU)
The short term rating is POS with the price well above a positive moving average line and a momentum inside its positive zone. On the intermediate term things are not quite there yet. The price has closed above the moving average line but the line is still in a downward slope. The momentum indicator is moving higher rapidly and is above its positive trigger line but still in the negative zone. Maybe things will improve in the Wednesday table. The volume indicator has started to perk up but is still not too active.
URANERZ ENERGY CORP. (A-URZ)
Uranerz seems to be on the move and is already POS for both the short and intermediate term. It has finally broken its long down trend line but has done so at the very extreme of its wedge pattern. Although this downward sloping wedge is a bullish pattern, waiting to break so close to its final apex point is sometimes a sign of weakness. For now URZ is more of a good gamble but one that needs to be watch carefully.
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