A buying opportunity in uranium stocks has emerged as volatility in the space increases, charts show

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

Breaking News: Markets Nachrichten

Markets,Global X Uranium ETF,Sprott Uranium Miners ETF

We think the recent volatility in uranium stocks presents an opportunity to take advantage of their cyclical uptrend.

Uranium stocks outperformed the broader equity market in 2023, with the Global X Uranium ETF gaining nearly 38% for the year. However, the segment has been more volatile in 2024, noting a corrective phase in February resulted in an 18% drawdown for URA. The choppy price action of late in URA has resulted in an intermediate-term trading range, which now gives the chart the look of a bullish cup-and-handle pattern.

Click here for the full disclaimer.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Skin Care Maker Galderma’s Shares Fly on Stock Market DebutSwiss skin care maker Galderma's shares fly during stock market debut.
Herkunft: wwd - 🏆 24. / 68 Weiterlesen »

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Truth Social may merge with public shell company, potentially giving Trump stock worth billionsDonald Trump's Truth Social may vote to merge with Digital World Acquisition Corp. on Friday, opening the door for the social media site company to trade on…
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »