Chart of the Day - Friday, September 10th, 2021

Today’s Chart of the Day was shared by Willie Delwiche (@WillieDelwiche). It's a daily candlestick chart of the Global X Uranium ETF, $URA, over the past year. This ETF provides exposure to Uranium prices by holding companies that are involved in the Uranium industry including, Cameco Corp. ($CCJ), JSC National Atomic Co. ($KAP), NexGen Energy ($NXE), Paladin Energy ($PDN), Denison Mines Corp. ($DNN), and more. Uranium prices are at their highest level in nearly seven years. Not surprisingly, this ETF is also breaking out to multi-year highs on both an absolute and relative basis. In a comment to The Chart Report, Willie said, "There are plenty of areas in the market where investors are trying to anticipate resolution. This is one area where we are already seeing it - and it's to the upside."