Could Lightbridge Corp. (NASDAQ:LTBR) pull back?

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Shares of Lightbridge Corporation (NASDAQ:LTBR) last traded at $1.85. (NASDAQ:LTBR) performance year to date is 62.28%. The 200 day simple moving average is 20.44%. The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.

Lightbridge Corporation is a provider of nuclear energy consulting and strategic advisory services and a developer of nuclear fuel designs. The Company operates under two business segments: providing of nuclear energy consulting services and developing of nuclear fuel designs. Formerly Thorium Power Ltd., the company’s breakthrough fuel technology is establishing new global standards for safe and clean nuclear power and leading the way towards a sustainable energy future. Lightbridge consultants provide integrated strategic advice and expertise across a range of disciplines including regulatory affairs, nuclear reactor procurement and deployment, reactor and fuel technology and international relations. It leverages those broad and integrated capabilities by offering their services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure.

Lightbridge Corporation (NASDAQ:LTBR) has been in the news for all the right reasons. Recently, Lightbridge Corporation (NASDAQ:LTBR) provided a business update and reported financial results for the first quarter ended March 31, 2017.

The Barchart Technical Opinion rating is a 100% Buy and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 1.51 and 1.27 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term. .

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 76.26 suggesting a bullish price action.

Lightbridge Corporation (NASDAQ:LTBR) is all set to announce its earnings on May 10/b. As per Zack’s analyst ratings, Lightbridge Corporation (NASDAQ:LTBR) currently has an average brokerage rating of . On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:LTBR) is $ with a high of $ and a low of $.

As such, while we believe Lightbridge Corporation (NASDAQ:LTBR) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

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