Trader Mike's Notes
Another one that's been on my personal 'Earnings Movers' watchlist that showed up on the "Top 50 Bullish" list today.
This is trying to find support at a couple of obvious support areas -- its 50-day moving average and the $100 mark. It's got oversold stochastic too...
Bearish candles on most of the major indices today. Most, like the S&P are very close to their upper Bollinger Bands, so there's certainly room for them to pull back.
Uranium seems to have turned the corner. Some nice stair-stepping the last few weeks. It had a great setup on the 15th, with a "Calm After Storm" a "1,2,3 Pullback" and a bounce off the 50 DMA. It's average volume kept it off my radar then but I noticed it on the "Top 50 Bullish" scan last week (thanks to more of the same signals) and bought some on the 29th.
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