sdeutsch95

Centrus Energy Ready for a Surge?

Long
sdeutsch95 Updated   
AMEX:LEU   Centrus Energy Corp.
Various technical indicators are pointing towards an upward move. Fundementals as well, with a proliferation of bullish news catalysts in the nuclear/uranium sector. $LEU's low float causes it to quickly go up multiple times over when on a bull run. But it's a bucking bronco... will check back in. Trade safe.
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It may have just broken bear.
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LEU only disappoints
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Looking at the 15 minute chart: double bottom at $31.00 and squeezing up against resistance trendline that goes back to the dump at the beginning of December.
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There was a gap at $31.78 from the dump two months ago... was just filled last week.
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Beautiful downtrend break after double bottom at $30.30
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Now we test the hourly 100 EMA
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2 months after my initial post, we finally broke $39.

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