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Uranerz Energy(URZ) is an exploration stage company engaged in the acquisition, exploration and development of properties in the uranium sector. The stock is trading up 2.7% to $1.50 in recent trading.
Today's Range: $1.46-$1.54
52-Week Range: $1.08-$3.07
Three-Month Average Volume: 305,066
From a technical perspective, URZ is moving modestly higher here right above its 50-day moving average of $1.37 with above-average volume. This move is also starting to push URZ back above its 200-day moving average of $1.50 and within range of triggering a near-term breakout trade. That trade will hit if URZ manages to take out some near-term overhead resistance at $1.54 with high volume.
Traders should now look for long-biased trades in URZ as long as it's trending above its 50-day at $1.37, and then once it sustains a move or close above those breakout levels with volume that hits near or above 305,066 shares. If that breakout triggers soon, then URZ will set up to re-test or possibly take out its next major overhead resistance levels at $1.73 to $1.89. Any high-volume move above $1.89 will then put $2 to $2.20 into range for shares of URZ.