Let's Check Back in on Our Under-the-Radar Uranium Play
Uranium stories are making their way from the back of the Wall Street Journal to the front.
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I first introduced TheStreet Pro readers to Uranium Energy Corp. UEC back on January 12, 2023.
I was surprised to see UEC's CEO Amir Adnani on a financial cable show this Friday afternoon. The U.S. Senate passed an act banning Russian uranium imports which will ban the importation into the U.S. of low-enriched uranium that is produced in Russia or by a Russian entity. This is now going to President Biden to be signed into law.
Let's check out a chart or two on UEC in light of this news.
In this daily bar chart of UEC, below, I can see that the shares have moved up significantly since we alerted traders.
In this daily Point and Figure chart of UEC, below, I can see a price target in the $18 area.
Bottom-line strategy: Uranium stories are making their way from the back of the Wall Street Journal to the front. Still more upside for patient investors.
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