Cameco (CCJ) NewsBite - CCJ Could Be On the Move
Posted: Monday, November 09, 2009 11:31 AM EDT
Cameco (CCJ) could be on the move today and is now at $30.28, up $1.24 (4.27%) on volume of 546,147 shares traded. Over the last 52 weeks the stock has ranged from a low of $11.78 to a high of $32.17. Cameco stock has been showing support around $27.92 and resistance in the $30.26 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for CCJ. If you are looking for a hedged play on CCJ the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 27 range. [ABR-Seven Summits Strategic Investments NewsBite]
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