Changing circumstances may work in this uranium producer’s favour. A new Japanese Government may stick with nuclear power. China is also building several nuclear reactors. The price of uranium is increasing off its Fukushima lows. Several brokers have upgraded the stock and quarterly production figures going forward should be higher. This stock ticks boxes and deserves consideration.
Price and moving averages
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
Bollinger Bands
PDN.AX has closed below upper band by 22.1%. Bollinger Bands are 44.5% narrower than normal. The narrow width of the bands suggests low volatility as compared to PDN.AX's normal range. The bands have been in this narrow range for 6 bars. This is a sign that the market may be about to initiate a new trend.
Today break $1.15 resistance and we looking forward to $1.34(Resistance)
buy recommendation
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Last
$11.41 |
Change
0.340(3.07%) |
Mkt cap ! $3.411B | |||
| Open | High | Low | Value | Volume |
| $11.12 | $11.41 | $10.72 | $70.22M | 6.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 96833 | $11.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.41 | 41345 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |