52 week low & tax loss selling has not started
A few sell ealirer for tax loss selling. Most of the selling starts in Nov & peaks in Dec. A few retail even hold to the last few trading days of the year. This stock will be hit by tax loss selling along with with other U stocks.
The U sector is in bad state. No big returns in the future. Just trading oppurunities moslty pull back trading. A new much lowet low would be very tempting in short term too.
Japan & consequently high inventories is the main issue which is casuing very weak U308 prices. With a new low & UUU payout there might be a trade during the next few weeks. Would be one bounce to get out if you miss it you will be eventually hit by tax loss selling. Most of the UUU money is not coming back to U sector, there is lot of arbitrage money. Retail have mostly taken out their money. The only buying wiill come from U etfs & mutaul funds which will rebalance & employ some money in the sector. There are differnt funds so it could be different days of buying. These days the size of U funds has shunk a lot. Might see a small pop in U sctor.