Centrus Energy Corp's 'Buy the Dip' Signal: A Bullish Trendline Test

Centrus Energy Corp (NYSE:LEU) stock is down 23% in 2023, but this pullback has it testing a historically bullish trendline. According to Schaeffer's Senior Quantitative Analyst Rocky White, the equity is within 0.75 of the 320-day moving average's 20-day ATR, which has occurred three other times in the past 10 years, with the stock being higher one week later all three times, with an average return of 7%. One month later, the stock was again higher every time, with an average 21.9% pop.