Cameco Corp. (CCJ) is a major player in the current and projected uranium supply/mining world.
The Trade
It’s currently in a “buy zone” but has broken its first strong support at $13.63.
Next level is $9.76. A break below that (and gaining strength of the dollar) could cause
CCJ to drop into the $5-$3 range.
Bottom Line
A good “buy low / sell high candidate” for my longer term traders interested in fundamentally strong metal companies.
