Monday, November 08, 2010

Uranium Miners On Fire

Weekly
Intraday 30min Currently trading at 3.43

URZ up nicely again in the pre-market. I have a cost basis in this one at 2.20 sold some last week comfortable riding this up to 6 bucks before I take more off. Buy this on a pullback and put in a stop at 3 bucks. You could catch a double by Q1 2011

Intraday 30 min chart I have a cost basis of 3.5 sold some last week got spooked in that spike down late Thursday on no news. I missed this break out, I have half a position left.

Buy at support around 33 and wait for launch. Stops below support. 
Cost basis 30 bucks. Looking to add.

This group is ripe for secular growth. With rising oil prices and the aging plants in the US look for this group to be strong for years to come. Also look at ETF (NLR)

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