Centrus Energy Stock Tests Bullish Trendline Amid Uranium Market Volatility

Centrus Energy Corp (LEU) stock is down 4.2% to $188.39, weighed by oil prices. However, the pullback has it testing a historically bullish trendline. According to Schaeffer's Senior Quantitative Analyst Rocky White, the "buy the dip" signal has never been wrong in the past 10 years, with an average return of 7% one week later and a 21.9% pop one month later. Short interest has tapered off, and options are looking affordable, with the stock's Schaeffer's Volatility Index ranking in the 22nd percentile of its annual range.