Skip to Content
scroll

Cameco Corp (CCJ US) $39.89

CCJ rallied another +2.5% overnight, with the $US17bn uranium business testing its 2011 levels in the process. Taking into our outlook for uranium we believe this is a rare scenario where we should simply sit back and enjoy the ride – in terms of global markets 3% exposure is high but it’s never enough when stocks surge like CCJ.

  • We see no reason to fade the advance by CCJ around $US40, although it is due a rest, we hold CCJ in our International Equities Portfolio and will likely add to the position into any corrections.
MM is long and bullish CCJ
Add To Hit List
chart
image description
Cameco Corp (CCJ US)
image description

Relevant suggested news and content from the site

Back to top