News Formal

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 News

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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

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

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…
Source: NBCLA - 🏆 319. / 59 Read more »