Spot uranium prices are up sharply. Uranium prices soared to $54.6 per pound in late May, the highest in over one year, amid threats of lower supply and persistent bets of bullish long-term demand.
How can someone get exposure? 
One way is the Sprott Physical Uranium Trust ( SRUUF) .
Let's check out the charts of this fund.
In the daily bar chart of SRUUF, below, I can see that the shares are breaking above their February highs and are in the process of breaking above the November highs. The shares trade above the rising 50-day moving average line and above the rising 200-day line.
The On-Balance-Volume (OBV) line has been strong since August. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line.
In the weekly Japanese candlestick chart of SRUUF, below, I can see the past two years of price action. The shares trade above the rising 40-week moving average line.
The trading volume is uninspiring and the OBV line is soft. The MACD oscillator is neutral. A strong close above $13 will be a breakout.
In this daily Point and Figure chart of SRUFF, below, I can see that the shares made a new high for the move up and the software is projecting a price target in the $15 area.
In this weekly Point and Figure chart of SRUFF, below, I see a price target in the $18 area.
Bottom-line strategy: Investors could go long SRUUF around current levels. My price targets are $15 and $18 for now.
