Rare earths stocks with breakouts and retests

Energy Fuels (UUUU) and NioCorp Developments (NB) are two rare earths stock setting up for bullish breakout and retest patterns that would support the case for further upside.

Energy Fuels (UUUU) has retested the breakout from a massive 2021-2025 big base. Continuing to hold the 11.85 to 11.18 area would keep this breakout firmly in place with upside potential back to the mid October peak at 27.33 and potentially beyond to 40.00 (pattern count) and 48.00 (log scale measured move).

On a longer-term basis, we would not rule out a retest of the early 2011 peak at 80.15. In addition, the big base on the log scale chart projects UUUU up to 155.

Reclaiming the rising 13-week moving average (WMA) at 16.76 would increase bullish conviction. The rising 26- and 40-WMAs from 12.64 down to 9.78 reinforce the big base breakout zone.

Chart 1: Energy Fuels (UUUU): Weekly logarithmic scale chart

While above the 5.20-5.00 range, NioCorp Developments (NB) has the potential for a bullish breakout and retest from a mid 2023 into late 2025 big base. This supports upside potential back to the mid October high at 12.58 and potentially beyond toward the log scale target of the big base at 21. Our bullish conviction would increase on a decisive rally above 6.49 (tactical resistance) and the 6.92 area (rising 13-week moving average (WMA)).

The rising 26-WMA at 5.19 reinforces the 5.20-5.00 breakout point for NB.

Chart 2: NioCorp Developments (NB): Weekly logarithmic scale chart