Uranium stocks move up – Vialoux’s Technical Watch

Financial Post reports Global X Uranium ETF (NYSE:URA) says that the uranium sector is showing some signs of improvement after the Japanese nuclear incident.

The market news is quoted as saying:

Global X Uranium ETF (NYSE:URA) – $13.33, an ETF consisting of a basket of uranium stocks jumped 4.77% on Friday after several uranium stocks (including Cameco and Denison Mines) broke resistance levels and their 50 day moving average. The sector finally is showing the first technical signs of strength following the Japanese earthquake and nuclear power disaster.

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