Quick Win by the Algorithm: UEC gains 19.27% Returns After Trump Tweet

Quick Win by the Algorithm

On December 30, 2016, the I Know First algorithm had predicted a bullish forecast for Uranium Energy Corp (UEC). UEC had a signal of 31.50 and a predictability of 0.07. In accordance with the algorithm, the company reported long-position capital gains of 19.27% experiencing a quick win by the algorithm.

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Uranium Energy Corp. (UEC), engages in the exploration, pre-extraction, extraction, and processing of uranium concentrates on projects located in the United States and the Republic of Paraguay.

Quick Win by the Algorithm

President-elect Trump has been taking over media coverage since he began running for president. There is no surprise that everything he tweets or says is analyzed immediately. On December 22, 2016, Trump reportedly spoke on the issue of nuclear power, saying that the United States needs to expand nuclear capabilities. For UEC, this tweet seems to have had a positive effect because like many other small uranium miners, their stocks jumped following the tweet.

As of now, it is unknown whether Trump will begin a new arms race but it seems that the market is bracing itself for one. This could be very lucrative to UEC and other smaller uranium mining companies. We won’t know the full extent until after Trump has been sworn into office.

This bullish forecast on UEC was sent to current I Know First subscribers on December 30th, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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