Did The Second Leg Of The Uranium Bull Market Just Begin
Palisade Research July 18, 2017
Uranium stocks have just crossed an important technical indicator.
After falling from its high in February, stocks have once again crossed their 200-day moving average.
The last time this occurred was in the beginning of January, and uranium stocks gained 40%.
It appears volume is once again on the rise as the Global X Uranium ETF breaks through this important resistance, and even the juniors are rallying.
While uranium stocks came close to retesting their lows in November of 2016, we still maintain that was likely a multi-year bottom. Only time will tell!