There definitely a bipartisan support for higher naval spending to counter China will help offset labor constraints that continue to plague the naval supply chain.
BWXT also has a business in Uranium processing and related products.
In its daily timeframe, a decisive rally above 67.50 would confirm an April 2018 into June 2023 big base with upside potential to pattern counts at 81, 91 and 100-102. Until then, holding chart support and rising 26 and 40-week moving averages (MAs) from 63 to 60 would keep this bullish setup in place. The rising 200-week MA near 57.30 and the January low at 55.47 offer additional support.
BWXT also has a business in Uranium processing and related products.
In its daily timeframe, a decisive rally above 67.50 would confirm an April 2018 into June 2023 big base with upside potential to pattern counts at 81, 91 and 100-102. Until then, holding chart support and rising 26 and 40-week moving averages (MAs) from 63 to 60 would keep this bullish setup in place. The rising 200-week MA near 57.30 and the January low at 55.47 offer additional support.