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URA (Uranium ETF) Analysis

Member @sportofkings asked for my thoughts on URA (Global X Uranium ETF). URA has several bullish developments in recent weeks although the ETF is getting quite stretched in the near-term. As such, the odds for a pullback are elevated & increase with each tick higher. A pullback to the 13.90 area down to as low as the 13.60 area with a stop somewhat below would appear to offer an objective long entry. Daily chart:

URA daily July 17th

URA daily July 17th

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Jul 17, 2017 10:52am|Categories: Unofficial Long Ideas|Tags: |0 Comments

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