The breakout of the cup and handle chart formation has been confirmed in the last couple of days, with the uranium spot price now at $41 up $2 overnight.
Not far to go to the $44 target level i mentioned just 2 weeks ago on this thread here. (and i only got 1 thumbs up for it- tough crowd!)
ACB still one of my favourites to play out this Uranium turn around due to their massive resource and hopefully Monday should be the start of this after what happened in the US overnight
http://www.forbes.com/sites/marketnewsvideo/2014/11/07/fridays-etf-with-unusual-volume-ura/
"The Uranium ETF (URA) is seeing unusually high volume in afternoon trading Friday, with over 340,000 shares traded versus three month average volume of about 239,000. Shares of URA were up about 9.1% on the day.
Components of that ETF with the highest volume on Friday were Denison Mines (DML.CA), trading up about 20.2% with over 2.7 million shares changing hands so far this session, and Fission Uranium (FCU.CA), up about 10.5% on volume of over 1.2 million shares. Uranium Energy (UEC) is lagging other components of the Uranium ETF Friday, trading up by about 4.1%."
