URA showing a notable increase in just three sessions since the beginning of June

Jeff_Sun
2023-06-06

URA $Global X Uranium ETF(URA)$ - Global X Uranium ETF

Uranium stocks appear to be of interest, with URA showing a notable increase of +8.7% (ADR 2.6%) in just three sessions since the beginning of June.

It broke out from a downtrend line resistance that had persisted for 15 months in early January, and found support at the conventional downtrend line resistance turned support in March.

In the last few days, it surpassed all key MAs, and seems likely that it will attain the important resistance level of $22 in the upcoming sessions. Worth to note URA is skew to CCJ $Cameco Corp(CCJ)$ with 26% holdings.

Here are some uranium stocks, listed by market capitalization: $Cameco(CCJ)$ $NexTier Oilfield Solutions Inc.(NEX)$ $Uranium(UEC)$ $Energy Fuels(UUUU)$ $Denison Mines(DNN)$ $ENCORE ENERGY CORP(EU)$ $Centrus(LEU)$ $Ur-Energy(URG)$ $Uranium Royalty Corp.(UROY)$

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