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CAMECO CORPCAMECO CORPCAMECO CORP

CAMECO CORP

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CCO trade ideas

Cameco Breakout?Looking at the chart it looks to me like we might have a breakout on the way. I have not traded Uranium stocks so I'm no expert on the price movement, stocks or this sector. With that said Uranium looks like it has just had a nice run up the price is coming off recent highs and may continue higher from production issues in the sector which have made the space unattractive for producers to profit & investors to capitalize from until the supply is not there to reach demand this is why I am looking at the sector more closely over the coming weeks to find out what is happening in the Uranium space. For me, this is an interesting sector to watch closely as I think this could be a missed market opportunity for the future. Waht do you think??
NYSE:CCJLong
by deanburtonuk
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.
NYSE:CCJLong
by HotCharts