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Uranium Participation Corporation: In the Buy Zone

U Chart 13 May 2010.jpg

The stock price of Uranium Participation Corporation (U) has taken a battering over the last six months along with most uranium stocks and now looks to be oversold as the uranium sector remains on the floor. As we can see from the above chart the RSI dipped below the '30' level for a short time suggesting that this stock was a buy and the STO has just turned upwards and is now pointing to higher ground.

It is difficult to take an aggressive stance in this sector as it is being outshone by the opportunities in both the gold and silver sectors and no doubt one or two others. However, this may just be the time to be acquiring a few of your favourite stocks while the attention is focused elsewhere. If so, then this stock should be given due consideration.

Uranium Participation Corporation is an investment holding company which invests substantially all of its assets in uranium oxide in concentrates (U3O8) and uranium hexafluoride (UF6) (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings.

Uranium Participation Corporation trades on the Toronto Stock Exchange under the symbol of U.

Uranium Participation Corporation has a market capitalization of $606.04 million, a 52 week price range of $5.51 - $8.40 and closed yesterday at $5.70.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

The latest trade from our options team was slightly more sophisticated in that we shorted a PUT as follows:

On Friday 7th May our premium options trading service OPTIONTRADER opened a speculative short term trade on GLD Puts, signalling to short sell the $105 May-10 Puts series at $0.09.

On Tuesday the 11th May we bought back the puts for just $0.05, making a 44.44% profit in just 4 days.

We've done a bit of a write up on

Over at we have been rather fortunate to close both the $15.00 and the $16.00 options trade on Silver Wheaton Corporation, with both returning a little over 100% profit.

If you would like to get a bit more bang out of your buck, then check out our Options Trading Service please click here.

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Reader Comments (1)

I find this configuration to be more of a re-test of of the previous support now resistance around the 5.80ish area. Until it stays bellow 5.80, I find this a bearish configuration, with potential for more downside... I would need a clear break of the $6 area to consider this an attractive buy!

This sector has'nt seen love for a long time now, but like you, I always keep an eye on ... like you said it, for now Gold/Silver gets all the spotlight...

May 14, 2010 | Unregistered CommenterMichael

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