By Jeff Pierce
There is a lot of momentum in the Uranium space and here are a few potential plays. The Global Uranium ETF (NYSE: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.
Global X Uranium ETF (NYSE:URA) –
Here are some of my favorite uranium plays that trade on the American markets.
Denison Mines Corp. (DNN:AMEX) —
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.
Uranium Participation Corp. (TSE:U.TO) –
Here is one potential stock that is about to breakout of this pennant formation, and should be on your watchlist.
Mawson Resources Ltd. (TSE:MAW.TO) –
Jeff Pierce is a momentum trader that specializes in market timing. By developing a proprietary timing system over the years that takes emotions out of his decisions, it allows him to be on the right side of the trade. While it’s nearly impossible to eliminate trading biases completely, there are many things one can do on a daily basis that gives enough of an edge where you can have success in this industry. Jeff Pierce is the owner of ZenTrader.ca.
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Just breaking out of its flagpole formation). Drilling results are about to be released any day now. Large upside potential in this stock
Uranium Participation Corp. (TSE:U.TO) looking highly likely of breaking that $10.00 barrier over the coming period.
Laramide (LAM.V)
Tournigan (TVC.V)
Ur-Energy(URE.V or URG.Amex)
Mega (MGA.V)
Hathor (HAT.V) – this one has discovered some of the highest grades of uranium ever reported in the Athabasca Basin (12% – 89%) with resource of 38 mil. pounds and growing.
Is there anything wrong in looking into URANIUM ONE (UUU on TSE) and CAMECO (CCO on TSE and also trading in the U.S.)
Oops, they did not mention about UNX, it became triple after I bought it
JNN…JNR RESOURCES BREAKING OUT BIG TIME…DOUBLE BAGGER ANYONE?
Peninsula Energy (ASX:PEN) is the best of them all, with 33mlbs JORC resource already with the potential of 295mlbs in total from its Wymoing, USA (ISR mine) and Karoo, South Africa sites. Production to begin 1st half of 2012 with permits for USA almost approved. PEN is currently trading at around $10/lbs which is a bargain compared to most.