Jul. 7 at 3:38 PM
$FNUC faded its early gap-up, dropping 4% intraday to
$1.63. The market is selling the news despite a cost-free 2.5%-4% royalty pact with DISA for Maybell uranium waste remediation.
Solid long-term deal, but aggressive intraday selling pressure. Watch key support at the
$1.58-
$1.60 zone. Look for volume to dry up here before considering any bounce plays; a clean break below
$1.58 opens up more downside.
