Risks (Financial and Otherwise) Aside, 3 Uranium Stocks to Watch

 | Jan 11, 2017 | 1:58 PM EST
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Stock quotes in this article:

fcuuf

,

urre

,

ccj

Nuclear energy! Not in my backyard. Not in my portfolio. Heaven help us. It's not safe -- look at all the accidents that have happened.

Yeah, we have heard all that before. Let's put all the tales of woe to one side for now and just look at the charts of three mining companies that could yield profits despite your views on safety and so forth.

Let's look at Fission Uranium (FCUUF) , Uranium Resources  (URRE) and Cameco (CCJ) . Before you read further, maybe you should sign a release that you understand these are risky and speculative securities. So if you are over 21, we will continue.

In this one-year chart of FCUUF, above, we can see it has made a huge run up the past two months. Prices have made a new 52-week high, breaking over the April peak. FCUUF is above the rising 50-day and the flat 200-day moving averages. The On-Balance-Volume (OBV) line has been rising with prices the past two months, telling us buyers have turned aggressive. The MACD oscillator has been above the zero line since early December.

In this three-year weekly chart of FCUUF, above, we can see prices are above the flat 40-week moving average line. A weekly close above $0.60 opens the way to the $0.90 area, the next possible resistance. The OBV line has turned up on this timeframe and the MACD oscillator could soon cross above the zero line for an outright buy signal.

In this daily chart of URRE, above, we see a bottom and a recent explosive upside move above both moving averages. Notice the volume and OBV spike back in August? November seemed to be a turning point as turnover began to increase.

This weekly chart of URRE, above, shows a long, long downtrend. Prices turned flat and are improving. The weekly OBV line turned up in August and the MACD oscillator continues to improve. No real resistance to speak of until $5.

In this daily chart of CCJ, above, we can see the low in early December and the rally to date. Prices are above the rising 50-day moving average line and the still-declining 200-day average. A bullish golden cross of these averages could happen relatively soon. The OBV line shows aggressive buying and the MACD oscillator is bullish.

In this long-term weekly chart of CCJ, above, we can see prices broke both the downtrend line (not drawn) and the 40-week moving average line. The OBV line has turned up and the MACD gave a cover-shorts buy signal on its way toward an outright go-long signal.

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