Uranium Energy Corp.: Strong Tailwinds Will Catalyze Growth

kasezo Investment Thesis

Uranium Energy Corp. (NYSE: UEC ) has been on an upward trajectory, gaining about 91.69% over the last years and outperforming the S&P 500 by a margin of 70.79%. Seeking Alpha Despite the solid gain, I am bullish on this stock given its promising outlook backed by strong tailwinds. Further, from the technical standpoint, the upward trajectory is yet to show signs of a reversal, which adds to my bullish stance. The Technical Approach

Based on technical indicators, I find this stock to be in a strong upward momentum with no signs of a reversal. First off, the stock broke out of the wedge bullish pattern it has been forming since 2022. The breakout happened in July 2023, and it has been very solid, with no signs of a correction or consolidation. TradingView-Author Notably, the price broke above the resistance level of $6.55 which is a […]

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