A Momentum Breakout for the Uranium-Nuclear ETF

A Momentum Breakout for the Uranium-Nuclear ETF

nuclear

by Arthur Hill, Stockcharts.com Blog

The Uranium-Nuclear ETF (NLR) caught a bid last week and broke resistance to forge a 52-week high. Notice that a series of rising troughs (green line) preceded this breakout. The indicator window shows MACD confirming strength with a 52-week high of its own.

130715nlr
Click this image for a live chart

 

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