Cameco (CCJ) stock breakout confirmed...The Cameco stock price has broken out on the monthly candlestick.
This is as good as it gets for a bullish indication.
The future is Uranium and it appears the investing world knows this.
The red resistance line goes back as far as 2007, so any moves following this breakout are likely to be significant.
Buy near this breakout level, but not much higher.
Ccjstock
4/3/22 CCJCameco Corporation (NYSE:CCJ)
Sector: Non-Energy Minerals (Other Metals/Minerals)
Market Capitalization: 11.562B
Current Price: $29.03
Breakout price: $30.00
Buy Zone (Top/Bottom Range): $27.10-$24.65
Price Target: $34.80-$36.00 (3rd)
Estimated Duration to Target: 150-160d (3rd)
Contract of Interest: $CCJ 9/16/22 35c
Trade price as of publish date: $2.55/contract