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About Uranium Stocks
Uranium Stocks was created to give investors a diversified look at uranium shares, spot prices, options markets, ore and production, canadian reverses and any other relevant issues that may affect shares prices across the globe.
Denison Mines Corp DML Possible Support
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Denison Possible Support
As with all uranium stocks Denison has been been a roller coaster ride over the course of the past twelve months. With spot prices continuing to drop ($57 as of this writing) we’re beginning to see a smoothing out of the uranium stocks traded on the TSX.
Denison is currently right at their 50 day moving average, which I’ve unfortunately obscured. On the chart you can see that past overhead resistance, which has since been broken through, now has a chance at becoming the short-term support level at around $7.50. We’ll see in the coming weeks market action if this is the case or a false start for Denison.
Denison DNP 50 Day Moving Average and Support Chart (Six Month)
