While doing normal scans today a couple of interesting Russia related plays popped up. CCJ popped up in with unusual options activity and GLNG popped up with unusual volume.
The uranium ETF URA is bull flagging right now just after breaking an 2 year downtrend.
CCJ. the largest public uranium play, keeps seeing out of the money call activity on the ask. If you like to speculate in penny stocks also check out UEC, URG and URZ.
The best bet for a stop is 23.50, the lowest price post gap. The more desirable stop is all the down at 20, and it doesn't appear this wants to slow down
London based LNG shipper GLNG has really perked up post earnings. After a monsterous run from 3 to the 40's, it's held up like a champ waiting two years for it's next catalyst to push it higher. Is this going to get moving off of the whole Russia/Ukraine situation? More setups: DHT + GSL
The question is where do we put the stop since we missed this first move. Well it's far away, but the best best is 33. It's best to start with a smaller position size and get a confirmed move higher and find a better risk reward scenario.
Good trading! We definitely want to catch that GLNG move if it breaks.