Are Uranium Stocks About To Go Nuclear?
Uranium stocks aren’t closely followed because of their lackluster performance over the last decade. However, they’re back on some investors’ radars as it approaches a potential breakout area. ☢️
We’re referring to the Global Uranium ETF ($URA), pictured below. The monthly chart shows prices in a clear downtrend, breaking to new lows during the COVID crash. However, it rallied aggressively with the rest of the market through the end of 2021 and has since been correcting since.