Uranium prospect UR-Energy is up 17+% today. I had noted that the position was increased on a down day recently. I am using today’s pop to take a partial profit of about 18% in the form of those extra shares as URG bounces to short term resistance. I may also take the remainder of the profit before day’s end or tomorrow. I have not decided on that yet.
The weekly view shows that this is a long term resistance area as well. So anyone who may have bought this stock as a trade might consider a roughly 18% profit as a good play and move on.
The bowl is still intact on the weekly, however. This could be of interest to longer term players.
[edit] On quick look it looks like a pump piece may have driven it up. That’s a sell for me.
