Quick Win by the Algorithm: UEC Rises As Inauguration Day Approaches

Quick Win by the Algorithm

On December 29, 2016, the I Know First Algorithm had predicted a bullish forecast for Uranium Energy Corporation, (UEC). UEC had a signal of 53.94 and a predictability of 0.09. In accordance with the algorithm, the company reported long-position capital gains of 44.95% experiencing a quick win by the algorithm.

Quick Win

Uranium Energy Corporation, (UEC), formerly known as Carlin Gold Inc, focused on exploration for precious metals. The business name and operations changed to UEC on January 24, 2005.  UEC is a uranium exploration, mining, and processing company headquartered in Chorpus Christi, Texas.  The company’s mineral rights spans from 5 states within the United States and internationally to the Republic of Paraguay.  The company utilizes the in-situ recovery mining strategy, instead of conventional open pit or underground mining.

Quick Win


As the presidential inauguration date approaches, uranium stocks are rallying.  UEC’s rise is attributed to two facts.  Firstly, president elect Donald Trump’s energy policy is more favorable than Obama’s.  Recently, Trump commented on America’s need to expand and modernize the nation’s nuclear capabilities.  His favorable viewpoints could benefit UEC after years of unfavorable policies during President Obama’s term.  Unfortunately the aftermath of the nuclear reactor meltdown in Fukishima, Japan also discouraged many of using uranium for energy use.

Another reason for UEC stock to rise is due to the increase in uranium price.  The world’s biggest uranium supplier, NAC Kazatomprom JSC, located in Kazakhstan announced a cut in production on January 12, 2016.  The decrease in supply to the market resulted in the price of uranium to increase by 10%.  Uranium price has increased by 20% since the start of the year.  Higher uranium price could result in higher revenue and profit for UEC.

This bullish forecast on UEC was sent to current I Know First subscribers on December 29, 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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