The Trade of the Week in UEC did not trigger last week so there was no official trade to take. Hopefully some of you read all the way to the bottom of the email and saw that APRN was a secondary idea. It’s always a good idea to read more than just the headline.
The major markets have run into resistance under their respective 200-day moving averages. The short squeeze game seems to be over after an entertaining 3 week run. This week, we are going back to basics; looking for strong trends with a decent pullback to buy. STKL reported earnings and shot higher. The timing may be good to buy a pullback at the 10-sma on the daily chart of STKL.
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