Bullish Charts - Uranium PlayCameco Corporation produces and sells uranium. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium property is the Cigar Lake property located in Saskatchewan, Canada. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles and reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
Cameco Corporation is one of the world's largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada. Their competitive position is based on their controlling ownership of the world's largest high-grade reserves and low-cost operations. Over the last four quarters, the stock’s earnings surpassed the Zacks Consensus Estimate thrice .
finance.yahoo.com
On May 20, 2020, U.S. Department of Energy rushes to build advanced new nuclear reactors
www.sciencemag.org
On 06/26/20, Cameco issued a press release relating to its win in the appeals court for tax issues. With the court win, Cameco should be receiving over $300 Million back from the Canadian Government plus another $482 million back in letters of credit that Cameco was required to pay as installments.
transferpricingnews.com
The tax court win was a HUGE win for Cameco and will free up hundreds of millions of dollars.
Daily Chart Looks Bullish
Volume, Bullish
PMO, Bullish
MACD, Bullish
Stochastic, Bullish
OBV, Bullish
On 06/30/2020, Raymond James issued an Outperform rating on Cameco.
On 06/25/2020, BMO Capital Markets raised the price target to C$17.00.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CJ6 trade ideas
Bullish Charts - Uranium PlayCameco Corporation (CCJ) is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan.
In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
Uranium is at a 5 year record high for April 2020 & May 2020.
Daily & Weekly charts look good.
Daily Chart
PMO is turning up, Bullish
MACD is turning up, Bullish
RSi has turned up, Bullish
Stochastic has turned up, Bullish
Weekly chart looks good too.
The price just closed above the KUMO, Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
CCJ 1 Year Chart GOLDEN CROSSUranium has a lot of fundamentals that transition with rising spot prices. I think the Golden Cross on the 1 year chart marks the start of a longer term bull trend. Overbought on the RSI, so a short term pullback is going to be an excellent buying opportunity for what I expect to be an explosive wave 3.
CCJ Long Continuation?NYSE:CCJ remains bullish north of the 20 EMA and Stoch RSI oversold reversal towards bullish.
5/7 closed at 10.73, start a position for 10% 1 week swing??
Disclaimer:
I do not offer financial advice nor am I a certified financial advisor. I am self educated in investing and trading in the stock market and have 20 years of experience and share information here as contribution to the community.
$CCJ can rise in the next daysContextual immersion trading strategy idea.
Cameco Corporation produces and sells uranium.
The share price rose after good earnings. I see some preconditions the share price will continue growing.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $10,88;
stop-loss — $10,36.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Cameco Corp CCJ - bullish I posted an idea on this one all the way back in 2018 which has kind of panned out with this latest move up that began recently in March. Is this beginning of something for this stock and by proxy the Uranium market? Not sure but that's a pretty impulsive move off the lows.......
Uranium FeverNot financial or trading advice!
Entry: 8.30
Stop: 6.85
Target: 12.90
Risk/Reward: 3/1
I am super bullish Uranium long term! Due to recent supply cuts, the increases in UF6 prices, and what seem to be dwindling inventories and the need to begin to engage in long term contracts. I think Uranium is going much higher long term.
My trade idea is to go long CCJ at the bottom of its basing range and either take profits at the top before re-engaging after a breakout, or simply to hold long term.
My preferred method to trade this is to buy long dated options and roll up protection or take profits should the sector move higher. Uranium miners have a history of 5x 10x 20x returns.