I mentioned quite some time ago in a previous posting on uranium futures here at BestOnlineTrades that I felt that they were close to turning the corner and that we could start to see some decent moves up in the uranium sector. Well here is a brief update. Strathmore Minerals has broken up out of its falling wedge and given a short term bullish indication.
Uranium futures continue to have a bullish stance although the monthly chart of uranium futures have not changed too much since I last wrote about it. These uranium miners from what I have been able to observe are a pretty slow moving sector as a whole. So Strathmore may be more of an intermediate to longer term type play going forward.