Stocks in Play for Dec. 1: RBY, C, UEC, URRE

Rubicon Minerals (RBY) had an unusually large spread accompanied with large volume on the last trading day. However today we saw some profit taking. The pull back should be seen as a natural and welcome movement. I would wait for a little consolidation before jumping in, but it looks like RBY is a stock to keep an eye on for awhile.

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Citigroup Inc. (C) is on the verge of really blowing up. I wouldn’t be surprised to see the stock test $4.30 at some point over the next few days. The chart sure shows a possible reversal in trend coming. A breakout beyond $4.30 will take the price to $4.50. Hold the stock with a stop below its recent low at $4.10.

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The Uranium sector is on fire and Uranium Resources (URRE) is no exception. It has a strong chart. I have no idea how high this one can go but stock is in a strong Bull Market, without resistances above. At this level, fresh long positions should therefore be initiated only on a strong move beyond $3.95.

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Another good Uranium stock chart – Uranium Energy Corp. (UEC). Buy the stock in dips with tight stop loss at $6.15. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day moving average, so we should see the stock keep going strong for a while.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.

About Antonio Costa 324 Articles

Antonio Costa is a 35 year old part-time trader who trade stocks in the US market.

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