Consistent with our energy sector theme, this uranium stock is close to a major breakout as it is approaching two red resistance trendlines sitting just above its current price.. UEC UEC Nov $14 Calls As with PURR from Monday, this trade is "Pending" a breakout above resistance, currently sitting at $13.00 and again at $14.00. Buy half a position upon an initial breakout above $13.00 and add the second half upon a breakout above $14.00. Try to spilt the bid./ask for a better entries. Risk 50%. PS: PURR just broke above $11.40 (chart at bottom of page). UEC started this year above $20, a breakout now above $13-14 makes $20 a realistic target by November expiration. UEC Weekly A weekly close above $13 would confirm a run right back to its 2026 highs. PURR Breakout - Triggered Earnings out on Thursday. PURR Oct $12C Look at that Open Interest for the Oct $15C - Who knows what? Bottom Line UEC — CONFIRMATORY ANALYSIS BUY Uranium remains one of our favored long-term energy themes, and now the technical picture is beginning to confirm the fundamental story. UEC is breaking above major declining trendline resistance after a powerful recovery from its July lows. BUY UEC Nov. 20 $14 Calls on a confirmed breakout above resistance. We're using November expiration to give this developing uranium move plenty of time to play out.
