Nuclear Power Heats Up

The uranium and nuclear power story is heating up again.

Many names in this space are on the cusp of breaking out and embarking on fresh new uptrends.

Take a look at the VanEck Uranium and Nuclear Energy ETF $NLR.

The ETF is breaking higher from a rounding bottom pattern, approaching its highest level since 2008.

These patterns take time as buyers shift from sideways to bullish, but when they go, they really go. 

There are some monster setups when you look at the individual components.

I think we want to be long the top uranium names as long as NLR is above 85.

That's the playbook.

Pick your players, and define your risk. It’s game on.

That’s exactly what we did with our Breakout Multiplier strategy. We bought call options in both Cameco $CCJ, and Uranium Energy Corp $UEC.

If you’d like access to these charts and trades, join us here risk-free.

Alfonso